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Ethereum (ETH) Technical Outlook — Rebound Temporarily Stabilizes, but Trend Remains Bearish

Ethereum shows signs of stabilization after rebounding from the support zone of $2,950–$3,020, with buyers strongly intervening in this range, holding up recent lows. This area remains a key short-term demand zone and effectively prevents ETH from dropping to deeper levels.

However, the overall trend remains weak as ETH is still below major resistance levels, especially the 0.236 Fibonacci level at $3,173.93, which has repeatedly pressured ETH. Bullish momentum will continue to be limited until this level is reclaimed.

ETH is also below all major moving averages:

20-day EMA: $3,072

50-day EMA: $3,326

100-day EMA: $3,530

200-day EMA: $3,463

These EMAs are all trending downward and positioned above the price, indicating ongoing bearish pressure and the continuation of the current downtrend.

To confirm a strong reversal, ETH needs to break through $3,173.93 (0.236 Fib) and challenge the next range at $3,514 (0.382 Fib). At that time, higher resistance levels are:

$3,790 (0.5 Fib)

$4,065 (0.618 Fib)

To achieve a complete trend reversal, ETH must reclaim and hold above $4,457 (0.786 Fib) — a key structural resistance level.

On the downside, if the current support zone below $3,000 is lost, ETH may drop towards the next major demand zone — the 0 Fib swing low around $2,623.

Currently, the RSI is at 50.54, indicating neutral momentum — a slight improvement, but a strong bullish reversal has yet to be confirmed.

📊 Key Levels

Resistance Zone

$3,173.93 (0.236 Fib – Recent Resistance Level)

$3,514 (0.382 Fib)

$3,790 (0.5 Fib)

$4,065 (0.618 Fib)

$4,457 (0.786 Fib)

Support Zone

$3,020 – $2,950 (Current Support Zone)

$2,623 (Major Swing Low Support)

RSI (14)

50.54 — Neutral Momentum, Slight Improvement

📌 Summary

ETH is experiencing a rebound at a strong support zone, but the overall trend remains bearish, as it is still below major moving averages and the key resistance level of $3,173. A breakout of this range may trigger a stronger rebound, while a drop below the $3,000 support could lead to further declines towards $2,623.

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