ETH Technical Outlook: Price Consolidates Below $3,200 as Recovery Attempts Face Key Resistance
Ethereum remains in a corrective consolidation phase after failing to sustain above the $3,780–$4,060 supply zone, which aligns with the 0.5–0.618 Fibonacci retracement area. The rejection from this region triggered a sharp downside move, shifting ETH into a neutral-to-bearish medium-term structure.
Price is currently stabilizing around the $3,080–$3,150 range, attempting to build a short-term base after defending the lower demand zone formed near the December lows.
EMA Structure and Trend Bias
EMA