$ETH
Ethereum price is trading at $2,154 on Wednesday. The near-term bias is neutral with a bearish tilt, as price holds below the 50-day EMA at $2,195, keeping rallies capped. Moreover, ETH trades below the 100-day EMA and confirms that the broader trend backdrop remains downward.
Momentum has stabilized rather than turned decisively higher: the RSI on the daily chart at 52 sits just above its midline, while the MACD indicator stays slightly positive but flat, suggesting only modest upside pressure as price tests the 50-day EMA.
Immediate resistance is at the 50-day EMA near $2,195, followed by the 38.2% Fibonacci retracement of the $3,402–$1,747 slide at $2,380, which together form a nearby cap around the current price. A clear daily close above this area would expose the 100-day EMA at $2,458 as the next level of resistance.
On the downside, initial support emerges near the channel top at $2,138, which coincides with the 23.6% Fibonacci retracement level. The mid-point of the channel, around $1,930, is next in line if sellers regain control. A break below that zone would bring the channel floor and major support at $1,747 into focus, where the Fibonacci base aligns with the lower boundary of the decline.
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