wettbox
ETH Technical Outlook: Ethereum Trades Near Key Demand as Bearish Structure Persists
Ethereum remains under sustained selling pressure after failing to reclaim its mid-range Fibonacci resistance. Price continues to trade within a broader corrective structure, with sellers defending key EMA and Fib levels aggressively. ETH is now hovering just above a major demand zone, making this area critical for the next directional move.
Market Structure & Trend
ETH has shifted from a bullish continuation into a clear corrective phase, marked by:
Lower highs since rejection near the upper trendline
Breakdo
Ethereum remains under sustained selling pressure after failing to reclaim its mid-range Fibonacci resistance. Price continues to trade within a broader corrective structure, with sellers defending key EMA and Fib levels aggressively. ETH is now hovering just above a major demand zone, making this area critical for the next directional move.
Market Structure & Trend
ETH has shifted from a bullish continuation into a clear corrective phase, marked by:
Lower highs since rejection near the upper trendline
Breakdo
ETH1,76%