ETH Technical Outlook: Ethereum Consolidates After Breakdown Below Key Fibonacci Support
Ethereum remains under corrective pressure after failing to hold above the $3,780–$3,800 region (0.5 Fib). The rejection from this level marked a clear trend shift, followed by a sharp sell-off that pushed ETH below multiple key Fibonacci levels and major moving averages.
Price is now consolidating near the $2,900–$3,000 zone, forming a short-term base after the recent downside move.
EMA Structure (Bearish Alignment)
20 EMA – $2,989
50 EMA – $3,147
100 EMA – $3,359
200 EMA – $3,382
ETH is trading below all