Technical View on ETH: Ethereum Holds Support at $1,970 After Structural Breakdown
Ethereum remains in a broader corrective cycle after rejection at the 0.786 Fibonacci level ( and forming a lower high structure below the downtrend line.
A breakdown below $2,502 ) 0.236 Fibonacci ( accelerated bearish momentum, pushing the price directly to the overall correction base near $1,745 ) Fibonacci 0 (. This was followed by a sharp reaction, and now ETH is consolidating between $1,970 and $2,020, forming a tight pressure zone above key support.
Despite cooling selling pressure, the dominant structure
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