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Technical Outlook: ETH Struggles at Support as Bears Maintain Control
Ethereum continues to consolidate near the $1,620 support zone after its sharp decline. Although buyers are attempting to stabilize price, ETH remains below all major moving averages, keeping the higher-timeframe trend firmly bearish.
📈 EMA Structure (Bearish)
20 EMA: $1,741.67
50 EMA: $1,890.73
100 EMA: $2,056.28
200 EMA: $2,332.66
Price remains below all four major EMAs.
The 20 EMA is acting as the first dynamic resistance.
The 50, 100, and 200 EMAs continue to reinforce the broader bearish trend.
👉 ETH needs to reclaim the $1,740–1,890 zone to shift short-term momentum back in favor of the bulls.
📐 Fibonacci & Market Structu