$ETH
🚨Ethereum nears the key resistance zone🚨
Ethereum price is trading above $2,300 on Wednesday, maintaining a constructive near-term bias as it holds above the 50-day EMA at $2,182 and outside the top of the prior horizontal channel near $2,148.
ETH is still capped on the topside by the 100-day EMA at $2,355, with additional resistance from the 38.2% Fibonacci retracement of the $1,747–$3,402 leg at $2,380, while the 200-day EMA, higher up at $2,660, marks a broader trend hurdle.
Momentum conditions remain supportive, with the RSI on the daily chart around 61 and the MACD holding in positive territory, suggesting buyers retain control despite nearby overhead supply.
On the downside, initial protection sits around the current area, with the 50-day EMA at $2,182 reinforcing the former channel ceiling at $2,148 as a key demand band, ahead of deeper Fibonacci support at the 23.6% retracement level of $2,138. A daily close back inside the channel would expose the structural floor near $1,747
On the topside, a clear break above the 100-day EMA at $2,355 would open the way toward the $2,380 fibonacci barrier, while sustained strength above that zone could invite a broader recovery toward the 200-day EMA around $2,660.
#ETH320 #Trendingissue #mr320 #WriteToEarn2026 #100kUser
🚨Ethereum nears the key resistance zone🚨
Ethereum price is trading above $2,300 on Wednesday, maintaining a constructive near-term bias as it holds above the 50-day EMA at $2,182 and outside the top of the prior horizontal channel near $2,148.
ETH is still capped on the topside by the 100-day EMA at $2,355, with additional resistance from the 38.2% Fibonacci retracement of the $1,747–$3,402 leg at $2,380, while the 200-day EMA, higher up at $2,660, marks a broader trend hurdle.
Momentum conditions remain supportive, with the RSI on the daily chart around 61 and the MACD holding in positive territory, suggesting buyers retain control despite nearby overhead supply.
On the downside, initial protection sits around the current area, with the 50-day EMA at $2,182 reinforcing the former channel ceiling at $2,148 as a key demand band, ahead of deeper Fibonacci support at the 23.6% retracement level of $2,138. A daily close back inside the channel would expose the structural floor near $1,747
On the topside, a clear break above the 100-day EMA at $2,355 would open the way toward the $2,380 fibonacci barrier, while sustained strength above that zone could invite a broader recovery toward the 200-day EMA around $2,660.
#ETH320 #Trendingissue #mr320 #WriteToEarn2026 #100kUser