ETH (Ethereum) Technical Outlook: Holding Above Key Support, Bulls Eye Rebound Toward $4,000+
Ethereum is currently consolidating near $3,850, showing signs of stabilization after a recent pullback. The price is testing support at $3,760 (Fib 0.236) — a critical zone that has previously acted as a pivot for short-term trend shifts. Holding above this level could pave the way for a recovery toward the upper range.
The 20 EMA ($3,989) and 50 EMA ($4,090) remain immediate resistance barriers. A breakout above $3,990 (Fib 0.382) would indicate growing bullish momentum, potentially targeting $4,175