ETH Technical Outlook: Ethereum Consolidates Above Key Demand After Structural Breakdown

Ethereum remains in a bearish market structure following a sharp rejection from the $4,450–$4,950 macro supply zone, where price failed near the 0.786–1.0 Fibonacci levels. This rejection marked a clear distribution phase, ending the prior uptrend and triggering a sustained decline.

The breakdown accelerated once ETH lost the $4,065–$3,790 region (0.618–0.5 Fib), flipping this major zone into strong overhead resistance.

EMA Structure (Bearish Alignment)

20 EMA – $2,981

50 EMA – $3,120

100 EMA – $3,328

200 EMA – $3,365

ETH is trading below all major EMAs, with the 20/50/100/200 EMA stack clearly bearish. This confirms that trend control remains with sellers, and any upside move is currently corrective.

Fibonacci & Price Structure

1 Fib: $4,956

0.786 Fib: $4,457

0.618 Fib: $4,065

0.5 Fib: $3,789

0.382 Fib: $3,514

0.236 Fib: $3,174

Fib 0: $2,623

ETH is now consolidating just above the $2,600–$2,750 demand zone, aligned with the Fib 0 level at $2,623. This area has acted as a strong historical support, and recent price action suggests selling pressure is weakening, increasing the likelihood of range consolidation or a short-term relief bounce.

RSI Momentum

RSI (14): 48

RSI is neutral and stabilizing, reflecting loss of bearish momentum rather than strong bullish strength. This supports a consolidation narrative.

📊 Key Levels

Resistance

$2,980–$3,120 (20 & 50 EMA)

$3,174 (0.236 Fib)

$3,514 (0.382 Fib)

$3,789 (0.5 Fib)

$4,065 (0.618 Fib)

Support

$2,600–$2,750 (major demand zone)

$2,623 (Fib 0 / critical support)

$2,400 (extended downside support)

📌 Summary

ETH is consolidating above a major long-term demand zone after a sharp multi-month decline. While bearish momentum has slowed, the broader trend remains bearish unless ETH can reclaim the $3,170–$3,515 region with strong volume. A breakdown below $2,600 would expose ETH to further downside risk toward the $2,400 area.

$ETH

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