Ethereum (ETH) Technical Outlook – Bulls Attempt to Reclaim Momentum

Ethereum (ETH) is showing early signs of stabilization, trading near $3,990, after rebounding from the recent low around $3,760 (Fib 0.236). The price is now testing resistance near the 50-day EMA ($4,108) while staying just below the 100-day EMA ($4,178).

A successful daily close above $4,175–$4,180 could shift sentiment back in favor of buyers, potentially targeting the Fib 0.618 retracement at $4,359, followed by $4,622 (Fib 0.786) in the coming sessions.

🔹 Key Levels
Immediate Support: $3,762 (Fib 0.236)
Major Support Zone: $3,560–$3,350 (200 EMA & long-term trendline)
Immediate Resistance: $4,100–$4,180 (50 & 100 EMA)
Next Targets: $4,359 → $4,622 → $4,956

🔹 Indicators
RSI (14): 44.8, slowly recovering from bearish territory, hinting at early bullish momentum.
MACD: Still below signal line but flattening — a bullish crossover would confirm trend reversal.

EMA Structure: 20 EMA below 50 and 100 suggests mid-term pressure, but narrowing gaps indicate possible convergence.

🔹 Outlook
ETH’s price action suggests a potential short-term recovery phase as buyers defend key supports.
A breakout above the $4,175–$4,200 range would confirm renewed bullish control, setting sights on the $4,350–$4,600 resistance zone.
Failure to hold above $3,760, however, could invite another correction toward the 200-day EMA near $3,560 or even $3,350.

📊 Summary:
Trend: Neutral-to-bullish recovery
Key Zone: $3,760–$4,180
RSI: Recovering from bearish levels
Bias: Bullish above $4,175 / Bearish below $3,760.

$ETH

#ETHReboundSoon?