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Technical Outlook: ETH Holds Key Support, but Broader Trend Remains Bearish
Ethereum is attempting to stabilize after defending the $1,540–1,570 demand zone, with price consolidating around $1,569. While selling pressure has eased, ETH continues to trade below all major moving averages, keeping the higher-timeframe trend firmly bearish.
📈 EMA Structure (Bearish)
20 EMA: $1,668.76
50 EMA: $1,824.36
100 EMA: $2,002.38
200 EMA: $2,288.80
Price remains below all four major EMAs