2026-01-01 14:51:06

Technical Review of ETH: Ethereum consolidates above the key demand zone after a structural collapse

Ethereum remains in a bearish market structure after a sharp rejection from the macro supply zone of $4,450–$4,950, where the price failed to break through Fibonacci levels 0.786–1.0. This rejection marked a clear distribution phase, ending the previous upward trend and causing a prolonged decline.

The collapse accelerated as ETH lost the $4,065–$3,790 (0.618–0.5 Fibonacci) region, turning this important zone into strong resistance above.

EMA Structure (Bearish Balance)

20 EMA – $2,981

50 EMA – $3,120

100 EMA – $3,328

200 EMA – $3,365

ETH is trading below all major EMAs, with the stacks of 20/50/100/200 EMA clearly bearish. This confirms that trend control remains with the sellers, and any upward movement is currently a correction.

Fibonacci and Price Structure

1 Fibonacci: $4,956

0.786 Fibonacci: $4,457

0.618 Fibonacci: $4,065

0.5 Fibonacci: $3,789

0.382 Fibonacci: $3,514

0.236 Fibonacci: $3,174

Fibonacci 0: $2,623

ETH is now consolidating slightly above the demand zone of $2,600–$2,750, aligning with the Fibonacci level 0 at $2,623. This zone has historically served as strong support, and recent price movements indicate weakening selling pressure, increasing the likelihood of range-bound consolidation or a short-term rebound.

RSI Momentum

RSI (14): 48

The RSI is neutral and stabilizing, reflecting a loss of bearish momentum rather than strong bullish strength. This supports a consolidation scenario.

Key Levels 📊

Resistance

$2,980–$3,120 (20 & 50 EMA)

$3,174 (0.236 Fibonacci)

$3,514 (0.382 Fibonacci)

$3,789 (0.5 Fibonacci)

$4,065 (0.618 Fibonacci)

Support

$2,600–$2,750 (Main demand zone)

$2,623 (Fibonacci 0 / critical support)

$2,400 (Extended support downward)

Summary 📌

ETH is consolidating above a significant long-term demand zone after a sharp multi-month decline. While bearish momentum has slowed, the overall trend remains bearish unless ETH can reclaim the $3,170–$3,515 region with high volume. A collapse below $2,600 would open ETH up to further downside risk toward the $2,400 zone.

ETH0,45%

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Asiftahsin

2025-12-31 22:41:13

ETH Technical Outlook: Ethereum Consolidates Above Key Demand After Structural Breakdown

Ethereum remains in a bearish market structure following a sharp rejection from the $4,450–$4,950 macro supply zone, where price failed near the 0.786–1.0 Fibonacci levels. This rejection marked a clear distribution phase, ending the prior uptrend and triggering a sustained decline.

The breakdown accelerated once ETH lost the $4,065–$3,790 region (0.618–0.5 Fib), flipping this major zone into strong overhead resistance.

EMA Structure (Bearish Alignment)

20 EMA – $2,981

50 EMA – $3,120

100 EMA – $3,328

200 EMA – $3,365

ETH is trading below all major EMAs, with the 20/50/100/200 EMA stack clearly bearish. This confirms that trend control remains with sellers, and any upside move is currently corrective.

Fibonacci & Price Structure

1 Fib: $4,956

0.786 Fib: $4,457

0.618 Fib: $4,065

0.5 Fib: $3,789

0.382 Fib: $3,514

0.236 Fib: $3,174

Fib 0: $2,623

ETH is now consolidating just above the $2,600–$2,750 demand zone, aligned with the Fib 0 level at $2,623. This area has acted as a strong historical support, and recent price action suggests selling pressure is weakening, increasing the likelihood of range consolidation or a short-term relief bounce.

RSI Momentum

RSI (14): 48

RSI is neutral and stabilizing, reflecting loss of bearish momentum rather than strong bullish strength. This supports a consolidation narrative.

📊 Key Levels

Resistance

$2,980–$3,120 (20 & 50 EMA)

$3,174 (0.236 Fib)

$3,514 (0.382 Fib)

$3,789 (0.5 Fib)

$4,065 (0.618 Fib)

Support

$2,600–$2,750 (major demand zone)

$2,623 (Fib 0 / critical support)

$2,400 (extended downside support)

📌 Summary

ETH is consolidating above a major long-term demand zone after a sharp multi-month decline. While bearish momentum has slowed, the broader trend remains bearish unless ETH can reclaim the $3,170–$3,515 region with strong volume. A breakdown below $2,600 would expose ETH to further downside risk toward the $2,400 area.

$ETH

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