ETH Technical Outlook: Breakdown Below 0.236, Testing Macro Base
ETH has completed a clear distribution → breakdown → markdown phase from the 0.786 macro rejection zone.
After failing below 4,267 (0.786 Fib) and losing the 3,728 (0.618) and 3,349 (0.5) levels, price has now decisively broken below the key 2,502 (0.236 Fib) support.
ETH is currently trading near the macro base region around 1,745–1,950, attempting short-term stabilization.
Higher-timeframe structure remains bearish.
EMA Structure (Bearish Alignment)
20 EMA: 2,299
50 EMA: 2,655
100 EMA: 2,943
200 EMA: 3,138
Price is trading belo