BigBoss07
ETH Technical Outlook: Ethereum Attempts Recovery but Faces Strong Overhead Resistance
Ethereum is showing signs of stabilization after weeks of corrective movement, with buyers gradually stepping in from a key higher-timeframe support base. However, ETH continues to trade below major EMA clusters and Fibonacci resistance, keeping the broader short-term bias cautiously neutral-to-bearish.
Market Structure & Trend
In recent weeks, ETH has formed:
A clear series of lower highs
Multiple failed recovery attempts near resistance bands
Sideways consolidation above a major demand zone
The current reb
Ethereum is showing signs of stabilization after weeks of corrective movement, with buyers gradually stepping in from a key higher-timeframe support base. However, ETH continues to trade below major EMA clusters and Fibonacci resistance, keeping the broader short-term bias cautiously neutral-to-bearish.
Market Structure & Trend
In recent weeks, ETH has formed:
A clear series of lower highs
Multiple failed recovery attempts near resistance bands
Sideways consolidation above a major demand zone
The current reb
ETH1,28%

