Technical Review: ETH Remains Above Macro Support — Assistance Rally Efforts Ongoing

ETH remains under broader bearish pressure despite showing signs of stabilization above key macro support levels around $1,540–$1,720. After months of continuously lower highs and lows, prices continue to trade below all major moving averages while attempting a short-term recovery from highly oversold conditions.
Although momentum has increased significantly over the past few sessions, the higher timeframe trend remains bearish until ETH reclaims key resistance levels above.
📈 EMA Structure (Bearish)
- EMA 20: $1,796
- EMA 50: $1,962
- EMA 100: $2,118
- EMA 200: $2,385
- Price remains below all major EMAs ❌
- EMA 20 acts as immediate dynamic resistance
- EMA 50 & 100 continue to cap upward recovery efforts
- EMA 200 remains the main macro trend barrier
👉 ETH must reclaim the EMA cluster before a confirmed ongoing trend reversal can be established.
📐 Fibonacci & Structure
- Price remains below the 0.236 Fibonacci level at $2,298
- Long-term downtrend structure remains intact
- Recent sell-offs swept liquidity below the key support zone
- The current rebound appears corrective within the broader bearish trend
👉 Any relief rallies could target:
- $1,800 → Immediate resistance / EMA 20
- $1,960 → EMA 50 resistance
- $2,120 → EMA 100 resistance
- $2,300 → Fibonacci 0.236 resistance
👉 Failure to hold current support could expose:
- $1,716 → Short-term support
- $1,540 → Critical macro support
- Lower liquidity zones below $1,540 if bearish momentum accelerates
🧠 Smart Money / ICT Perspective
- Recent decline swept significant sell-side liquidity below the support range
- Market structure remains bearish with higher lows still intact
- Several failed recovery attempts indicate ongoing distribution
- Fair Value Gap (FVG) remains above and partially unfilled
- No confirmed shift in bullish market structure
👉 Smart money flows continue to support sellers until ETH can reclaim higher resistance zones and invalidate the current bearish structure.
📉 RSI Momentum
- RSI (14): 44.9
- Recovered from oversold territory ⚠️
- Momentum has improved compared to recent lows
- Buyers show early participation, but confirmation is still pending
👉 RSI supports the relief rally scenario, though it does not yet indicate a major trend reversal.
📊 Key Levels
🔴 Resistance
- $1,800 → EMA 20
- $1,960 → EMA 50
- $2,120 → EMA 100
- $2,300 → Fibonacci resistance
- $2,385 → EMA 200
🟢 Support
- $1,716 → Short-term support
- $1,540 → Critical macro support
- Below $1,540 → Downside risk increases
📌 Final Outlook
ETH remains trapped in a broader downtrend after months of persistent weakness, continuing to trade below all major EMA and Fibonacci resistance levels.
- ✅ Reclaim and hold above $1,800–$1,960 → opens recovery path toward $2,120 → $2,300
- ✅ Break above $2,300 → significantly enhances medium-term market structure
- ❌ Losing support at $1,540 → increases likelihood of movement into lower liquidity zones
👉 Overall structure remains bearish. While RSI recovers and prices attempt to build a base above macro support, bulls must reclaim the $1,800–$1,960 zone before a larger recovery scenario becomes credible. Until then, sellers maintain control of the broader trend.
$ETH