ETH Technical Outlook: Testing Key Support Near $3,780 as Bears Maintain Pressure
ETH continues to trade under short-term bearish pressure, currently hovering around $3,785, close to the 0.236 Fibonacci level ($3,762). The recent rejection from $4,175 (0.5 Fib) and the 50 EMA ($4,099) signals that sellers remain active, keeping ETH below key moving averages — 20 EMA ($4,001) and 50 EMA ($4,099) — both capping upside momentum.
If ETH fails to hold above $3,760, the next support levels lie at $3,600 (200 EMA) and $3,394, where a stronger rebound could occur. However, a daily close below these zo