Ethereum (ETH) Technical Outlook — Bulls Defend Crucial Support Zone

Ethereum (ETH) is consolidating near $3,760, holding just above the Fib 0.236 retracement ($3,762) and key dynamic support from the 200-day EMA ($3,568). This region has acted as a strong defense zone since late September, and a decisive move here could determine ETH’s next major trend direction.

After a multi-week downtrend, ETH is showing early signs of stabilization as sellers lose momentum near this crucial support. The RSI (38.7) sits in bearish territory but is flattening, hinting at potential exhaustion of selling pressure. Meanwhile, the MACD remains negative, yet histogram bars are narrowing — an early signal that a possible bullish crossover may be on the horizon.

🔹 Key Levels to Watch
Immediate Support: $3,760 (Fib 0.236)
Major Support Zone: $3,568 (200-day EMA) → $3,354 (Fib 0 base)
Immediate Resistance: $3,965 (100-day EMA) → $4,054 (20-day EMA)
Stronger Resistance: $4,175 (Fib 0.5) → $4,359 (Fib 0.618) → $4,622 (Fib 0.786)

🔹 EMA & Price Structure
The short-term EMAs (20 & 50) continue to slope downward, reflecting lingering bearish pressure. However, price has not yet broken decisively below the 200 EMA, signaling that the long-term uptrend remains intact. A daily close above $4,175–$4,200 would confirm a structure shift and open the path toward $4,350–$4,600.

Failure to hold above $3,760, however, could invite renewed selling and push ETH toward $3,568 and possibly $3,354, where stronger long-term buyers may re-enter.

🔹 Pivot Zones
Pivot Point: $3,880
Support Pivots: $3,760 / $3,568 / $3,354
Resistance Pivots: $3,965 / $4,175 / $4,359

🔹 Outlook
ETH is at a make-or-break stage — bulls need to defend the 0.236 Fib and reclaim the 20/50 EMA levels to confirm a recovery. A bullish breakout above $4,175 could spark renewed momentum toward $4,622, while a breakdown below $3,568 would likely extend the downtrend toward $3,350.

📊 Summary
Trend: Neutral → Turning Bullish if $4,175 breaks
RSI: 38.7 – showing possible rebound setup
MACD: Weak but flattening — watch for crossover
Bias: Cautiously Bullish above $3,760 / Bearish below $3,568

$ETH
#ETHReboundSoon?