ETH Technical Outlook: Ethereum Attempts Rebound but Faces Strong Resistance

Ethereum shows signs of stabilization after weeks of correction, with buying interest gradually entering from key higher time frame support levels. However, ETH remains below major EMA clusters and Fibonacci resistance levels, maintaining a broader short-term bias of cautious neutrality to bearishness.
Market Structure and Trends
Recently, ETH has formed:
A series of clear lower highs
Multiple failed rebounds near resistance zones
Consolidation above major demand areas
The current rebound is constructive — but as long as ETH remains below its main resistance zones, the price action still reflects a corrective structure with a relief rally, without confirming a bullish reversal.
EMA Structure ( Resistance Above )
ETH is still below all major EMAs, which now act as layered resistance:
20 EMA — $3,022
50 EMA — $3,117
100 EMA — $3,311
200 EMA — $3,355
This creates a dense resistance ceiling between $3,100 and $3,350.
Regaining the 100 and 200 EMAs decisively would significantly improve momentum prospects.
Fibonacci Levels and Key Resistance Zones
Ethereum continues to respect broader Fibonacci retracement levels:
0.236 Fib — $3,173
0.382 Fib — $3,514
0.5 Fib — $3,789
0.618 Fib — $4,064
0.786 Fib — $4,456
Fib 1.0 — $4,956
Breaking above $3,173 will be the first positive technical shift, providing room to push toward mid-range resistance zones.
Support and Demand Zones
ETH remains above important accumulation areas:
Immediate support: $3,050–$3,000
Secondary demand: $2,820–$2,750
Major downside support: $2,623 (Fib 0)
Staying above $3,000 keeps the recovery scenario intact.
Breaking below $2,820 would indicate weakening bullish participation.
Bullish Continuation Scenario
If buyers maintain control:
$3,173 (0.236 Fib) — First breakout trigger point
$3,514 (0.382 Fib) — Structural stabilization zone
$3,789 (0.5 Fib) — Momentum confirmation
$4,064 (0.618 Fib) — Key reversal level
A strong close above $4,050–$4,100 would reaffirm a clear bullish trend structure.
Bearish Risk Scenario
Failure at resistance levels could lead to:
Pullback to $3,050–$3,000
Deeper retracement to $2,820–$2,750
If demand weakens, potential decline to $2,623
Breaking below $2,600 would reopen a broader bearish continuation phase.
Momentum Indicator (RSI)
RSI (14): 60
The RSI has broken above neutral, indicating increasing buying strength — but remains below overbought territory, suggesting room for continuation if key resistance levels are broken.
📊 Key Level Summary
Resistance Levels
$3,173
$3,514
$3,789
$4,064
$4,456
Support Levels
$3,050–$3,000
$2,820–$2,750
$2,623 (Major Support)
📌 Summary
Ethereum is attempting a constructive rebound from higher time frame support levels, with RSI momentum improving. However, dense EMA clusters and Fibonacci resistance levels above indicate that the broader structure has not yet fully shifted to bullish.
Breaking above $3,173 and pushing toward $3,500–$3,790 would confirm substantial improvement — while losing $2,820 would give sellers the reins again.