Technical Outlook on ETH: Ethereum Maintains Overall Demand Zone with Valid Downtrend Structure

Ethereum remains under downward correction pressure, trading below a broken major trendline and within a broader distribution range. After a strong rejection from the supply zone between $4,450–$4,950 (0.786–1 Fibonacci), ETH entered a persistent downtrend characterized by lower highs and lower lows.

The bearish momentum accelerated once ETH lost the $4,060–$3,790 (0.618–0.5 Fibonacci) zone, turning a key support area into resistance and confirming trend weakness.

Moving Average Structure (Bearish Confluence)

20 EMA – $2,983

50 EMA – $3,132

100 EMA – $3,343

200 EMA – $3,374

Price is trading below all major moving averages, with the 20 and 50 EMAs acting as immediate dynamic resistance. The 100 and 200 EMAs remain above the price, reinforcing the bearish control on the higher timeframe.

Fibonacci and Market Structure

1 Fibonacci: $4,956 (Overall High)

0.786 Fibonacci: $4,456

0.618 Fibonacci: $4,065

0.5 Fibonacci: $3,789

0.382 Fibonacci: $3,514

0.236 Fibonacci: $3,174

Fibonacci 0: $2,623 (Main Demand Zone)

Currently, ETH is consolidating above the demand zone between $2,620–$2,700, a historically strong support area. Selling pressure has slowed here, increasing the likelihood of short-term consolidation or a corrective bounce, although the broader trend remains bearish.

RSI Indicator

RSI is around 44, indicating weak momentum but early stabilization, consistent with building a base rather than capitulation.

📊 Key Levels

Resistance

$2,980–$3,130 (EMA 20–50 Zone)

$3,174 (0.236 Fibonacci)

$3,514 (0.382 Fibonacci)

$3,790–$4,060 (0.5–0.618 Fibonacci)

Support

$2,620–$2,700 (Demand Zone / Fibonacci 0)

Below $2,620 → risk of deeper decline

📌 Summary

Ethereum maintains a critical demand zone near $2,620, while the overall market structure remains bearish. Although momentum shows signs of stabilization, ETH needs to reclaim the $3,170+ level to turn the short-term structure bullish. Failure to hold support at $2,620 will expose ETH to further downside.

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