Technical Outlook: ETH Trades Near $1,760 — Bears Retain Control Below Major Resistance

Ethereum (ETH) remains under significant selling pressure after failing to reclaim key higher-timeframe resistance zones. Price is currently trading around $1,760, hovering just above a major support region while the broader market structure continues to favor sellers.

Despite entering deeply oversold territory, ETH has yet to show meaningful bullish confirmation, and the overall trend remains bearish unless major resistance levels are reclaimed.

📈 EMA Structure (Bearish Trend Dominates)

20 EMA: $2,024.92

50 EMA: $2,132.08

100 EMA: $2,235.66

200 EMA: $2,474.88

ETH remains below all major moving averages

Bearish EMA alignment persists (20 < 50 < 100 < 200)

Short-term rallies continue facing rejection from the 20 EMA

The 100 EMA and 200 EMA remain major macro resistance levels

👉 The $2,025 – $2,236 zone remains the primary resistance cluster that bulls must overcome to improve market sentiment.

📐 Fibonacci & Market Structure

1.0 Fib (Cycle High): $4,755.00

0.786 Fib: $4,066.99

0.618 Fib: $3,526.87

0.5 Fib: $3,147.50

0.382 Fib: $2,768.13

0.236 Fib: $2,298.74

0 Fib (Cycle Low): $1,540.00

ETH is trading below the critical 0.236 Fibonacci level ($2,298.74)

Price recently broke below local support and entered a major demand zone

Market structure continues to print lower highs and lower lows

Sellers remain in control across higher timeframes

👉 Remaining below the 0.236 Fibonacci level keeps the broader bearish trend intact.

🧠 Market Structure Insight (ICT Concepts)

Previous rallies have repeatedly been rejected from supply zones and bearish order blocks

Recent downside movement swept liquidity beneath local support

Current structure reflects:

Continued bearish trend structure

Strong rejection from EMA resistance

Presence of unfilled Fair Value Gaps (FVGs) above price

Weak bullish participation despite oversold conditions

Price is currently testing a major support region near cycle lows

👉 ETH is approaching a critical area where either a relief rally develops or sellers push price toward a fresh breakdown.

📉 RSI Momentum

RSI (14): 18

Momentum has weakened sharply

RSI is deeply oversold

Bearish momentum remains dominant despite oversold readings

👉 Oversold conditions increase the probability of a short-term bounce, but trend reversal confirmation remains absent.

📊 Key Levels

🔴 Resistance

$2,025 — Immediate resistance / 20 EMA

$2,132 — 50 EMA resistance

$2,236 — 100 EMA resistance

$2,299 — 0.236 Fibonacci resistance

$2,475 — 200 EMA macro resistance

$2,768 — Major higher-timeframe resistance

🟢 Support

$1,760 — Current support area

$1,650 — Local demand zone

$1,540 — Cycle low / major support

$1,400 — Potential downside target if support fails

📌 Summary

ETH remains in a strong bearish structure as price continues trading below all major moving averages and key Fibonacci retracement levels. The current position near $1,760 places Ethereum at an important support zone, but sellers continue to dominate the broader trend.

✅ Reclaiming $2,025 – $2,236 could improve short-term sentiment and open the path toward $2,299

✅ A break above $2,299 would strengthen the case for a broader recovery toward $2,768

❌ Losing $1,540 support could trigger another leg lower and extend the bearish cycle

👉 Overall, ETH remains bearish on the weekly timeframe. While RSI suggests oversold conditions and a potential relief bounce, bulls must reclaim the EMA resistance cluster and the 0.236 Fibonacci level to signal a meaningful trend reversal.

$ETH ‌