ETH continues to trade under short-term downward pressure, currently fluctuating around the level of 3,785 USD, close to the Fibonacci level 0.236 (3,762 USD). The recent rejection at 4,175 USD (0.5 Fib) and EMA 50 (4,099 USD) indicates that sellers are still actively operating, keeping ETH below critical moving averages — EMA 20 (4,001 USD) and EMA 50 (4,099 USD) — both of which are restraining the upward momentum.
If ETH cannot hold above the level of 3,760 USD, the next support levels are at 3,600 USD (EMA 200) and 3,394 USD, where a stronger recovery may occur. However, closing daily below these zones could lead to a deeper correction towards the range of 3,350–3,200 USD.
On the bullish side, ETH needs to break above 3,990 USD (0.382 Fib) and 4,175 USD to regain upward momentum. A confirmed close above these resistance levels could pave the way to 4,360 USD (0.618 Fib) and 4,620 USD (0.786 Fib) in the coming weeks.
The RSI index (40.6) remains below neutral, indicating weak momentum and still room for a potential recovery — but only if the 3,760 USD zone is firmly maintained as strong support.
ETH
2,062.78
+2.93%