Technical Outlook: Ethereum Maintains Above $2,300 — Bullish Continuation Building

Ethereum shows a steady recovery structure after the sharp sell-off, with the price now stabilizing above the support zone at $2,300. The current price movement reflects a controlled accumulation with higher lows, indicating buyers are gradually stepping in.
Ethereum is currently testing a major resistance range near $2.35k – $2,380, which is likely to determine the next directional move.
Moving Average Structure (Bullish Recovery Phase)
20 EMA: $2,298
50 EMA: $2,255
100 EMA: $2,345
200 EMA: $2,603
Price is trading above the 20 and 50 EMAs
The short-term structure shows bullish alignment (20 > 50)
Ethereum is currently testing the 100 EMA
Still below the 200 EMA → Overall trend resistance remains
👉 Staying above $2,300 – $2,320 maintains a healthy bullish structure.
Fibonacci and Market Structure
1.0 Fib (High): $4,956
0.786 Fib: $4,269
0.618 Fib: $3,729
0.5 Fib: $3,350
0.382 Fib: $2,971
0.236 Fib: $2,502
Fib 0: $1,744
Ethereum approaches the 0.236 Fib level ($2,502) from below
The current price is building a structure below the key resistance
Transition from $1.7K shows a strong overall demand reaction
👉 Reversal at $2,500 would be a major confirmation of the bullish trend.
Market Structure View (ICT Concepts)
Previous drop wiped out sell liquidity below $2.0K
Current price action shows filling of FVG gaps and forming a higher low
Short-term demand block around $2.30K has been recovered
👉 Price is pressing below resistance → a breakout setup is forming
RSI Momentum
RSI (14): 57
Momentum is bullish but controlled
Overbought conditions have not yet occurred
Higher lows on RSI support trend continuation
👉 Sustained movement above 60 RSI will accelerate the rally
📊 Key Levels
Resistance
$2,370 – $2.4k (local resistance)
$2,502 (0.236 Fib)
$2,600 (200 EMA / major resistance)
Support
$2,300 (major support / structural base)
$2,255 (50 EMA)
$2,100 – $2,150 (demand zone)
📌 Summary
Ethereum is building a bullish recovery structure, supported by EMA recovery and forming steady higher lows. The price is currently consolidating below resistance at $2.35K – $2.40K, indicating potential breakout pressure.
Success in pushing above $2,400 – $2,500 will confirm continuation toward $2,600+, while rejection could lead to retesting the $2,300 support.
Overall, ETH is in a healthy accumulation phase, with a bias supporting buyers as long as key support is maintained.
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