ETH Technical Outlook: Ethereum Holds Weak Bounce as Price Tests Key Support Zone

ETH continues its extended decline after repeated failures to break above the $3,950–$4,150 resistance region. This zone acted as a strong supply area, forming a clear lower-high structure, which signaled bullish exhaustion and triggered a decisive bearish trend shift.
The breakdown pushed ETH below the 20 EMA ($3,182), 50 EMA ($3,551), 100 EMA ($3,694), and 200 EMA ($3,529) — confirming a full trend reversal as all major moving averages turned into resistance.

Price has now fallen into the $2,780–$2,850 demand region, where only a mild reaction has appeared so far. A daily close below $2,780 would expose the next major support at $2,402, aligning with the broader structure and the measured move of the recent breakdown.

If bearish momentum accelerates, ETH could extend toward the $2,250–$2,300 demand zone, which remains a historically strong support level highlighted on the chart.

For bulls to regain momentum, ETH must first reclaim $3,180, then push through $3,350–$3,550 (cluster of 20/50/200 EMAs). A stronger recovery requires a close above $3,694 (100 EMA), which would begin to shift the medium-term structure back toward bullish.

The RSI at 31.3 is hovering just above oversold territory, suggesting that a relief bounce is possible — but bears remain in full control unless ETH reclaims multiple resistance layers.

📊 Key Levels

Resistance:

$3,180 → $3,350 → $3,550 → $3,694

Support:

$2,780 → $2,402 → $2,250–$2,300

RSI:

31.3 — Near oversold zone

📌 Summary

ETH is trading near a key demand zone after breaking below all major EMAs, confirming a strong bearish trend. While the RSI hints at a possible short-term bounce, the broader market structure remains bearish unless ETH can reclaim the $3,180–$3,550 resistance region with conviction.

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