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ETH Technical Outlook: Ethereum Testing Macro Base After Losing 0.236 Support Ethereum remains in a sustained corrective downtrend after failing to hold above the $3,300–$3,700 resistance cluster (0.5–0.618 Fibonacci region). Multiple lower highs inside a descending structure, followed by a decisive breakdown below 0.236 ($2,502), confirmed continuation of bearish momentum. Price is now consolidating near $1,940–$2,000, just above the macro base around $1,745, forming a short-term stabilization range after an extended decline from the $4,200+ highs. This region is a critical decision zone for ETH’s next major move. EMA Structure (Strong Bearish Alignment) 20 EMA: $2,156 50 EMA: $2,512 100 EMA: $2,835 200 EMA: $3,071 ETH is trading below all major EMAs, confirming strong bearish trend alignment across short-, mid-, and long-term structure. The $2,150–$2,500 zone (20 & 50 EMA cluster) now acts as immediate dynamic resistance. Broader trend resistance remains between $2,835–$3,070 (100 & 200 EMA). Any upside move into these zones is likely corrective unless reclaimed with strong momentum and daily acceptance. Fibonacci & Price Structure 0.786 Fib: $4,267 0.618 Fib: $3,728 0.5 Fib: $3,349 0.382 Fib: $2,970 0.236 Fib: $2,502 Fib 0 (Macro Base): $1,745 ETH failed to sustain above the 0.382–0.5 cluster, then broke below 0.236, confirming structural weakness. Current consolidation above $1,940 suggests temporary absorption of sell pressure. A breakdown below $1,940 would expose ETH to the $1,745 macro base, while holding above this zone could allow a relief bounce toward $2,150–$2,500 resistance. RSI Momentum RSI (14) is currently around 32–33, reflecting near-oversold conditions. Momentum has stabilized slightly after an extended decline, indicating potential for short-term relief — but RSI remains below the 50 equilibrium level, meaning no confirmed bullish reversal yet. 📊 Key Levels Resistance $2,150–$2,500 (20 & 50 EMA + 0.236 zone) $2,970 (0.382 Fib) $3,349 (0.5 Fib) $3,728 (0.618 Fib) Support $1,940–$1,985 (local consolidation demand) $1,745 (macro base / Fib 0) RSI: 32–33 — near oversold 📌 Summary Ethereum is consolidating near macro support after a prolonged corrective decline. While downside momentum has slowed and price is attempting to stabilize above $1,940, the broader structure remains bearish below $2,500–$2,835. A sustained recovery requires ETH to reclaim $2,502 (0.236) and stabilize above the EMA cluster, while a breakdown below $1,940 would likely trigger continuation toward the $1,745 macro base. $ETH ‌ #WhenisBestTimetoEntertheMarket