ETH Technical Outlook: Ethereum Holds Key Support but Bears Remain in Control

ETH is attempting to stabilize above the $2,850–$3,000 demand zone after an extended decline from the $3,790–$4,065 resistance region, where strong selling pressure repeatedly rejected upside attempts. The downtrend accelerated once ETH lost the 20 EMA ($3,053), 50 EMA ($3,375), 100 EMA ($3,574), and 200 EMA ($3,481) — all now stacked overhead as major resistance.

Recent price action shows ETH bouncing from the lower support range, but the recovery remains limited and faces immediate resistance at the 0.236 Fib level ($3,173). A daily close above this level would be the first sign of stabilization, but meaningful trend recovery only begins once ETH reclaims $3,514 (0.382 Fib) and eventually challenges $3,790 (0.5 Fib).

A stronger bullish shift would require a decisive breakout above $4,065 (0.618 Fib) — an area where sellers have consistently dominated.

On the downside, if ETH loses $2,850, the next major support sits at $2,623 (Fib 0). Below this level, the broader support region near $2,402 becomes the final strong demand zone before deeper downside opens.

The RSI at 43.67 shows slight improvement from previous oversold conditions, but momentum remains weak, indicating that bulls still need more strength to challenge higher levels.

📊 Key Levels

Resistance

$3,173 (0.236 Fib)

$3,514 (0.382 Fib)

$3,790 (0.5 Fib)

$4,065 (0.618 Fib)

$4,457 (0.786 Fib)

Support

$2,850 → $3,000 (local support zone)

$2,623 (major Fib support)

$2,402 (strong demand region)

RSI

43.67 — weak but improving momentum

📌 Summary

ETH is holding above key support but remains in a broader bearish structure below $3,514–$3,790. Bulls need to reclaim these levels to confirm a trend reversal, while failure to hold $2,850 could drag price back toward $2,623–$2,402.

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