ETH Technical Outlook: Trading Just Above Macro Base After Major Breakdown
Ethereum remains in a strong corrective downtrend after rejecting from the $3,349–$3,728 resistance cluster (0.5–0.618 Fibonacci zone).
Failure to sustain above 0.382 ($2,970) followed by a decisive breakdown below 0.236 ($2,502) triggered aggressive downside continuation.
Price is now consolidating around $1,990–$2,080, hovering just above the macro Fibonacci 0 level at $1,745.
This is a major higher-timeframe support zone.
EMA Structure (Strong Bearish Alignment)
20 EMA: $2,064
50 EMA: $2,392
100 EMA: $2,735
200 EMA: