#GateSquareMayTradingShare #BTCBackAbove80K #JapanTokenizesGovernmentBonds #DailyPolymarketHotspot Technical Outlook: Ethereum Building Strength Below Major Resistance

Ethereum continues to show steady bullish recovery after reclaiming the $2.28K – $2.31K demand zone. Price is now consolidating just below a critical resistance cluster near the 100 EMA and the 0.236 Fibonacci level, signaling a potential expansion setup if buyers maintain momentum.
Short-term structure remains constructive, with ETH forming higher lows and holding above key moving averages.
📈 EMA Structure (Bullish Recovery Developing)
20 EMA: $2,310
50 EMA: $2,270
100 EMA: $2,343
200 EMA: $2,587
Price holding above 20 & 50 EMA ✅
Bullish EMA alignment forming short-term
100 EMA acting as immediate resistance
200 EMA remains major macro resistance
👉 ETH needs a decisive breakout above $2.34K – $2.50K to confirm stronger trend continuation
📐 Fibonacci & Structure
ETH successfully reclaimed the $2.31K range
Price consolidating under the 0.236 Fib level ($2,502)
Structure continues printing higher lows
👉 Break above current resistance could open upside toward:
$2.50K (0.236 Fib)
$2.97K (0.382 Fib)
$3.35K (0.5 Fib)
🧠 ICT / Smart Money View
February sell-side liquidity sweep completed near macro lows
Market structure now showing:
BOS continuation attempts
Strong higher low development
Internal liquidity compression
Re-accumulation behavior above support
👉 Current consolidation appears to be a preparation phase before a larger move
📉 RSI Momentum
RSI (14): 54
RSI holding above neutral 50 zone ✅
Momentum remains moderately bullish
No overbought conditions yet
👉 Momentum favors buyers while RSI stays above 50
📊 Key Levels
🔴 Resistance
$2.34K → 100 EMA resistance
$2.50K → 0.236 Fib major resistance
$2.97K → Mid-term breakout target
🟢 Support
$2.31K → Immediate support
$2.28K → Demand zone
$2.23K → Macro support base
📌 Final Outlook
Ethereum is maintaining a bullish recovery structure while consolidating beneath key macro resistance.
✅ Break & hold above $2.50K → opens move toward $2.97K → $3.35K
❌ Rejection from resistance → possible retest of $2.31K → $2.28K support zone
👉 Overall momentum is improving, but ETH still needs confirmation above the 100 EMA and Fib resistance to fully shift macro bullish.
$ETH ‌