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 zones might invite further correction toward $3,350–$3,200.

On the bullish side, ETH needs a breakout above $3,990 (0.382 Fib) and $4,175 to regain upward momentum. A confirmed close above these resistance levels could open the path toward $4,360 (0.618 Fib) and $4,620 (0.786 Fib) in the coming weeks.

The RSI (40.6) remains below neutral, showing weak momentum and room for a potential rebound — but only if the $3,760 zone holds as solid support.

📊 Key Levels

Resistance: $3,990 → $4,175 → $4,360 → $4,620

Support: $3,760 → $3,600 → $3,394

RSI: 40.6 — Bearish momentum, oversold zone approaching

Overall, ETH is testing a critical support region. A strong defense of $3,760 could lead to a short-term recovery, but continued rejection below $4,000 keeps the broader tone bearish.

$ETH

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