ETH Technical Outlook: Ethereum Stabilizes Above Key Demand but Remains Capped Below Major Resistance

Ethereum continues to trade within a corrective consolidation after failing to sustain above the $3,780–$4,060 supply zone (0.5–0.618 Fibonacci). The rejection from this region and subsequent breakdown below the rising trend structure shifted ETH into a neutral-to-bearish medium-term bias.

Price is now stabilizing around the $3,050–$3,120 region, attempting to form a short-term base after the sharp decline from the $4,900+ highs. This area represents a key decision zone for the next directional move.

EMA Structure (Bearish to Neutral Bias)

20 EMA: $3,085

50 EMA: $3,125

100 EMA: $3,286

200 EMA: $3,339

ETH is trading below the 100 & 200 EMA, while the 20 & 50 EMA are acting as immediate overhead resistance. The EMA alignment remains bearish, indicating sellers still control the broader structure. Any upside attempt is likely to face selling pressure between $3,170–$3,350 unless reclaimed decisively.

Fibonacci & Market Structure

0.786 Fib: $4,456 (major rejection zone)

0.618 Fib: $4,064 (key breakdown level)

0.5 Fib: $3,789 (trend-defining resistance)

0.382 Fib: $3,514

0.236 Fib: $3,174

Fib 0: $2,623

ETH failed to hold above the 0.382–0.5 Fib cluster, confirming continuation of the corrective phase. Current price action is hovering just below the 0.236 Fib ($3,174), which has acted as firm short-term resistance. Buyers continue to defend the $3,000–$3,080 demand zone.

A loss of this base would expose ETH toward $2,700–$2,620, a major higher-timeframe accumulation area.

RSI Momentum

RSI (14): 55

RSI has recovered above neutral, signaling improving momentum from oversold conditions. However, it remains below strong bullish territory, suggesting stabilization rather than trend reversal.

📊 Key Levels

Resistance

$3,170–$3,200 (0.236 Fib)

$3,300–$3,350 (100 & 200 EMA cluster)

$3,510 (0.382 Fib)

$3,780 (0.5 Fib)

$4,060 (0.618 Fib)

Support

$3,080–$3,000 (major demand zone)

$2,700–$2,620 (structural support)

RSI

54–55 — neutral with mild bullish recovery

📌 Summary

Ethereum is consolidating after an extended corrective decline, holding above a critical demand zone near $3,000. While downside momentum has slowed and RSI continues to recover, the broader structure remains bearish below $3,300–$3,350.

A sustained recovery requires ETH to reclaim $3,170, followed by strength above $3,300–$3,500. Failure to hold $3,000 would likely trigger another downside leg toward $2,620.

$ETH