#GateSquareMayTradingShare Technical Outlook: Ethereum Building Strength Below Major Resistance


Ethereum continues to show steady bullish recovery after reclaiming the $2.28K โ€“ $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.
๐Ÿ“ˆ 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 โœ…
Bullish EMA alignment forming short-term
100 EMA acting as immediate resistance
200 EMA remains major macro resistance
๐Ÿ‘‰ ETH needs a decisive breakout above $2.34K โ€“ $2.50K to confirm stronger trend continuation
๐Ÿ“ Fibonacci & Structure
ETH successfully reclaimed the $2.31K range
Price consolidating under the 0.236 Fib level ($2,502)
Structure continues printing higher lows
๐Ÿ‘‰ Break above current resistance could open upside toward:
$2.50K (0.236 Fib)
$2.97K (0.382 Fib)
$3.35K (0.5 Fib)
๐Ÿง  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
๐Ÿ‘‰ Current consolidation appears to be a preparation phase before a larger move
๐Ÿ“‰ RSI Momentum
RSI (14): 54
RSI holding above neutral 50 zone โœ…
Momentum remains moderately bullish
No overbought conditions yet
๐Ÿ‘‰ Momentum favors buyers while RSI stays above 50
๐Ÿ“Š Key Levels
๐Ÿ”ด Resistance
$2.34K โ†’ 100 EMA resistance
$2.50K โ†’ 0.236 Fib major resistance
$2.97K โ†’ Mid-term breakout target
๐ŸŸข Support
$2.31K โ†’ Immediate support
$2.28K โ†’ Demand zone
$2.23K โ†’ Macro support base
๐Ÿ“Œ Final Outlook
Ethereum is maintaining a bullish recovery structure while consolidating beneath key macro resistance.
โœ… Break & hold above $2.50K โ†’ opens move toward $2.97K โ†’ $3.35K
โŒ Rejection from resistance โ†’ possible retest of $2.31K โ†’ $2.28K support zone
๐Ÿ‘‰ Overall momentum is improving, but ETH still needs confirmation above the 100 EMA and Fib resistance to fully shift macro bullish.
$ETH โ€Œ#MayTokenUnlockWave #WCTCTradingKingPK #
ETH-0.24%
asiftahsin
Technical Outlook: Solana Consolidates Near $95 โ€” Breakout or Rejection Incoming?

Solana is currently stabilizing after a strong downtrend, with price consolidating in the $93 โ€“ $96 range. The structure shows early signs of accumulation, but price is now testing a key resistance cluster that could decide the next directional move.

EMA Structure (Early Recovery Phase)

20 EMA: $93.86
50 EMA: $87.16
100 EMA: $93.86
200 EMA: $111.75

Price is trading above 20 & 50 EMA

Short-term momentum is turning bullish

Still below 200 EMA โ†’ macro trend remains bearish

๐Ÿ‘‰ A reclaim of $100 โ€“ $112 zone is required for trend reversal confirmation

Fibonacci & Market Structure

1.0 Fib (High): $253.47
0.786 Fib: $213.60
0.618 Fib: $182.29
0.5 Fib: $160.31
0.382 Fib: $138.32
0.236 Fib: $111.11
Fib 0: $67.14

Price is trading below 0.236 Fib ($111)

Current structure shows range formation after liquidity sweep

Attempting to hold above $90 support zone

๐Ÿ‘‰ Holding above $90 โ€“ $92 strengthens bullish continuation bias

Market Structure Insight (ICT Concepts)

Previous move swept sell-side liquidity near $90

Current price action shows tight consolidation (accumulation)

Multiple equal highs forming near $95โ€“$96 โ†’ liquidity resting above

๐Ÿ‘‰ A breakout above this zone could trigger a move toward $100+

RSI Momentum

RSI (14): 53โ€“70 (rising)

Bullish momentum building

Approaching overbought zone โ†’ possible short-term pullback

Overall structure shows strength but needs confirmation

๐Ÿ‘‰ Holding above 50 RSI keeps bullish momentum intact

๐Ÿ“Š Key Levels

Resistance

$95 โ€“ $96 (range high / liquidity zone)

$100 psychological level

$111 (0.236 Fib + 200 EMA zone)

Support

$92 โ€“ $93 (range support)

$90 (strong demand zone)

$87 (50 EMA support)

๐Ÿ“Œ Summary

Solana is currently in a consolidation phase after a strong drop, forming a base around $90 โ€“ $95. The structure suggests accumulation with breakout potential, but price is still facing strong resistance overhead.

A confirmed breakout above $96 โ€“ $100 could trigger expansion toward $110+, while failure to break resistance may result in another retest of $90 support.

Overall, momentum is cautiously bullish, but confirmation is needed before a larger trend reversal.

$SOL โ€Œ
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