ETH Technical Outlook: Ethereum Trades Near Key Demand as Bearish Structure Persists

Ethereum remains under sustained selling pressure after failing to reclaim its mid-range Fibonacci resistance. Price continues to trade within a broader corrective structure, with sellers defending key EMA and Fib levels aggressively. ETH is now hovering just above a major demand zone, making this area critical for the next directional move.

Market Structure & Trend

ETH has shifted from a bullish continuation into a clear corrective phase, marked by:

Lower highs since rejection near the upper trendline

Breakdown below mid-range Fibonacci levels

Price holding below major EMAs

The broader structure remains bearish to neutral unless ETH reclaims key resistance zones.

EMA Structure (Strong Resistance Above)

Ethereum is currently trading below all major moving averages:

20 EMA — $3,028

50 EMA — $3,201

100 EMA — $3,411

200 EMA — $3,409

The $3,200–$3,410 region forms a strong resistance cluster. As long as price remains below this zone, upside attempts are likely to face selling pressure.

Fibonacci & Resistance Zones

ETH faced repeated rejection from higher Fibonacci levels, confirming strong supply:

0.236 Fib — $3,173 (near-term resistance)

0.382 Fib — $3,514

0.5 Fib — $3,790

0.618 Fib — $4,065

0.786 Fib — $4,457

A sustained move above $3,514–$3,790 is required to shift the structure back toward bullish continuation.

Key Support & Demand Zone

ETH is currently consolidating above a major demand zone between $2,750–$2,900, with the most critical support at:

$2,623 (Fib 0 level)

This zone has historically attracted buyers. A strong hold here could trigger a relief bounce, while a breakdown below $2,623 would open the door toward deeper downside.

Bullish Recovery Scenario

If buyers step in from current levels, upside targets include:

$3,173 (0.236 Fib) — first recovery level

$3,514 (0.382 Fib) — trend stabilization

$3,790 (0.5 Fib) — bullish momentum confirmation

$4,065 (0.618 Fib) — major trend shift

Only a clean break above $4,065–$4,457 would restore strong bullish structure.

Bearish Continuation Scenario

Failure to hold the $2,750–$2,623 demand zone could lead to:

Further downside continuation

Breakdown of long-term structure

Retest of lower historical support levels

This would confirm sellers remain firmly in control.

Momentum Indicator (RSI)

RSI (14): ~47

RSI remains below the neutral 50 level, indicating weak momentum. While selling pressure has slowed, buyers have not yet shown strong conviction.

📊 Key Levels Summary

Resistance

$3,173

$3,514

$3,790

$4,065

$4,457

Support

$2,900–$2,750

$2,623 (major demand)

📌 Summary

Ethereum remains in a corrective bearish phase, trading below its key EMA cluster and Fibonacci mid-range levels. Price is now testing a critical demand zone, where a short-term bounce is possible. However, a sustained recovery requires ETH to reclaim $3,200+, while a breakdown below $2,623 would confirm further downside risk.

$ETH
#ETHTrendWatch