ETH Technical Outlook: Ethereum Stabilizes After Deep Correction, Recovery Still Capped Ethereum is trading within a broader corrective structure after facing strong rejection from the $4,450–$4,950 macro supply zone, where price topped near the 0.786–1.0 Fibonacci levels. This rejection marked a clear distribution phase, ending the previous bullish cycle and initiating a sharp downside move. The bearish momentum accelerated once ETH lost the $4,060–$3,790 region (0.618–0.5 Fib), flipping this zone into a major supply area and confirming a bearish structural shift. EMA Structure (Bearish With Early Stabilization) 20 EMA – $3,079 50 EMA – $3,129 100 EMA – $3,302 200 EMA – $3,349 ETH remains below all major EMAs, keeping the broader trend bearish. The EMA cluster between $3,080–$3,350 acts as a heavy dynamic resistance zone. Price is currently attempting to reclaim the 20 & 50 EMA, which suggests early recovery momentum, but no confirmed trend reversal yet. Fibonacci & Price Structure 1 Fib: $4,956 0.786 Fib: $4,456 0.618 Fib: $4,064 0.5 Fib: $3,789 0.382 Fib: $3,514 0.236 Fib: $3,173 Fib 0: $2,623 ETH has successfully defended the $2,620–$2,700 major demand zone, aligned with the Fib 0 level, where buyers previously absorbed selling pressure. Recent price action shows higher lows, indicating a base-building phase and a potential relief rally. A sustained move above $3,173 (0.236 Fib) opens upside toward $3,514–$3,790, where strong Fibonacci and EMA confluence resistance exists. A meaningful structural shift would require acceptance above $3,789 (0.5 Fib). RSI Momentum RSI (14): 53 RSI has recovered above the neutral level, signaling improving momentum and increasing buyer participation. While this supports further upside attempts, RSI also suggests ETH is approaching key resistance zones, where consolidation or rejection remains possible. 📊 Key Levels Resistance $3,173 (0.236 Fib) $3,080–$3,350 (EMA cluster) $3,514 (0.382 Fib) $3,789 (0.5 Fib) Support $3,050 (short-term support) $2,620–$2,700 (major demand zone) $2,623 (Fib 0) 📌 Summary Ethereum is showing early stabilization signs after defending a major long-term demand zone. While short-term momentum is improving, the broader structure remains corrective unless ETH can reclaim the $3,500–$3,790 resistance zone decisively. Failure to hold above $3,050 would expose ETH back toward the $2,620 demand area. $ETH #JusticeDepartmentSellsBitcoin

Short-term swing, still bullish. Buy around 90,400 for Bitcoin, take profit around 92,500. Open long on Ethereum #3080, take profit at 3150. Trading a swing is fine, but the overall trend still needs to be observed.

The support levels for Bitcoin and Ethereum given yesterday morning are still acceptable.