ETH Technical Outlook: Ethereum Under Bearish Pressure After Losing Key Fibonacci Support

Ethereum is currently trading under corrective bearish pressure after a strong rejection from the $4,450–$4,550 supply zone, which aligns with the 0.786 Fibonacci level ($4,457). This area marked a clear local top and initiated a sustained downside move.

The breakdown accelerated once ETH lost the $4,065 (0.618 Fib) level, followed by a decisive rejection from the $3,790 (0.5 Fib) zone, which previously acted as strong support and has now flipped into resistance.

EMA Structure (Bearish Alignment)

20 EMA – $3,004

50 EMA – $3,165

100 EMA – $3,376

200 EMA – $3,391

Price remains below all major EMAs, with the 20/50 EMAs crossing downward and the 100/200 EMAs acting as strong overhead resistance, confirming bearish market structure in the short to medium term.

ETH attempted a relief bounce toward the $3,173 (0.236 Fib) level but failed to sustain above it, reinforcing selling pressure. As long as price stays below the $3,500–$3,800 resistance zone, upside remains capped.

Currently, ETH is consolidating above a major demand zone near $2,600–$2,650, which aligns with the Fib 0 level ($2,623). This zone is critical for bulls to defend.

RSI Momentum

RSI is hovering around 42–44, indicating weak momentum with mild stabilization, consistent with consolidation rather than strong accumulation.

📊 Key Levels

Resistance

$3,004 (20 EMA)

$3,165 (50 EMA)

$3,173 (0.236 Fib)

$3,376–$3,391 (100 & 200 EMA)

$3,514 (0.382 Fib)

$3,790 (0.5 Fib)

$4,065 (0.618 Fib)

$4,457 (0.786 Fib)

Support

$2,650–$2,600 (major demand zone)

$2,500 (psychological support if demand fails)

RSI

42–44 — weak but stabilizing momentum

📌 Summary

ETH remains in a corrective bearish structure after losing key Fibonacci supports. While price is holding above a strong $2,600 demand zone, upside remains limited unless ETH reclaims the $3,500–$3,800 region with volume. A breakdown below $2,600 would open the door for further downside toward $2,500 and potentially lower.

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#CryptoMarketMildlyRebounds