📊 ETH Technical Outlook: Consolidation Below Resistance ⚡
#CryptoMarketVolatility Ethereum is consolidating after bouncing from the $1,750–$1,900 macro support zone, currently trading around $2,050–$2,110. Price remains below key resistance, signaling potential buildup for the next move.
🔹 EMA Structure (Bearish with Short-Term Strength)
20 EMA: $2,111 → short-term support
50 EMA: $2,202 → facing rejection
100 EMA: $2,477 | 200 EMA: $2,800 → macro trend still bearish
🔹 Fibonacci & Key Zones
ETH below 0.236 Fib ($2,500) → structural recovery requires a breakout
Compression range: $2,050–$2,1