ETH Technical Outlook: Stabilizing After Prolonged Downtrend

Ethereum remains within a broader corrective structure after the sharp rejection from the $4,450–$4,950 macro supply zone (0.786–1 Fib). That rejection marked a distribution top, followed by strong bearish continuation and now a range-bound stabilization phase near the lower end of the structure.

Recent price action shows ETH defending the $2,620–$2,900 macro demand base, where buyers have started to build a rounded accumulation structure. Momentum has stabilized, though the higher-timeframe trend has not yet flipped bullish.

EMA Structure (Bearish Bias, Short-Term Stabilization)

20 EMA: $3,045
50 EMA: $3,056
100 EMA: $3,235
200 EMA: $3,305

ETH is currently below all major EMAs, keeping the medium- to long-term structure bearish. Price is attempting to hold above the $3,000–$3,100 micro base, signaling short-term stabilization, but upside remains capped while below the 100 & 200 EMA cluster.

The $3,235–$3,305 zone represents a major dynamic resistance band.

Fibonacci & Price Structure

1 Fib: $4,953
0.786 Fib: $4,455
0.618 Fib: $4,063
0.5 Fib: $3,789
0.382 Fib: $3,513
0.236 Fib: $3,173
Fib 0: $2,623

ETH is trading just above the Fib 0 base ($2,623) and below the 0.236 Fib ($3,173), keeping price inside a range-bound recovery phase.

A clean break and acceptance above $3,170–$3,305 would open the door for a move toward $3,510–$3,790, where Fib resistance and EMA confluence align.

Failure to hold above $2,900–$2,850 would expose ETH back to the $2,620 macro demand floor.

Structural Context

Price action shows higher lows since the December bottom, suggesting early accumulation behavior. However, ETH remains capped below major EMAs and descending structure resistance, keeping the current move classified as a corrective base, not a confirmed trend reversal.

A decisive daily close above $3,305–$3,510 would be required to shift market structure toward bullish continuation.

RSI Momentum

RSI (14): 42–48

RSI is recovering from lower levels but remains near neutral, reflecting stabilizing momentum with limited bullish conviction. This supports a base-building environment rather than an impulsive breakout phase.

📊 Key Levels

Resistance

$3,170–$3,305 (0.236 Fib / EMA zone)

$3,510 (0.382 Fib)

$3,790 (0.5 Fib)

$4,063 (0.618 Fib)

Support

$3,000–$2,900 (range base)

$2,850–$2,750 (local demand)

$2,623 (Fib 0 / macro demand)

📌 Summary

ETH is forming a structured base after a prolonged decline from macro supply. While downside momentum has slowed and accumulation is developing, the broader structure remains corrective unless price can reclaim $3,170–$3,510 with strength. Until that happens, ETH is likely to remain in a range-bound recovery phase with heavy resistance overhead.
#GoldandSilverHitNewHighs $ETH ‌