ETH Technical Outlook: Ethereum Consolidates Near Structural Base as Corrective Pressure Persists
Ethereum remains under sustained corrective pressure after repeated failures to reclaim the $3,170–$3,230 resistance zone, which aligns with the 0.236 Fibonacci retracement and the declining EMA structure. Rejection from this region continues to reinforce a neutral-to-bearish medium-term structure, with upside attempts remaining corrective in nature.
Price is currently consolidating around the $2,900–$3,000 region, holding above the rising base support while failing to attract strong follow-throug