Technical Outlook: Ethereum Holds Above $2.3K — Bullish Continuation Building

Ethereum is showing a steady recovery structure after the sharp selloff, with price now stabilizing above the $2,300 support zone. The current price action reflects controlled accumulation with higher lows, indicating buyers are gradually stepping in.

ETH is now testing a key resistance band near $2,350 – $2,380, which will likely define the next directional move.

EMA Structure (Bullish Recovery Phase)

20 EMA: $2,298
50 EMA: $2,255
100 EMA: $2,345
200 EMA: $2,603

Price is trading above 20 & 50 EMA

Short-term structure shows bullish alignment (20 > 50)

ETH is currently testing the 100 EMA

Still below the 200 EMA → macro trend resistance remains

👉 Holding above $2,300 – $2,320 keeps bullish structure intact.

Fibonacci & Market Structure

1.0 Fib (High): $4,956
0.786 Fib: $4,269
0.618 Fib: $3,729
0.5 Fib: $3,350
0.382 Fib: $2,971
0.236 Fib: $2,502
Fib 0: $1,744

ETH is approaching the 0.236 Fib ($2,502) from below

Current price is building structure just under key resistance

The move from $1.7K shows strong reaction from macro demand

👉 Flip of $2,500 would be a major bullish confirmation.

Market Structure Insight (ICT Concepts)

Previous drop swept sell-side liquidity below $2.0K

Current price action shows FVG fills + higher low formation

Short-term order block reclaimed around $2.30K

👉 Price is compressing under resistance → breakout setup forming

RSI Momentum

RSI (14): 57

Momentum is bullish but controlled

No overbought condition yet

Higher lows on RSI support continuation

👉 Sustained move above 60 RSI would accelerate upside.

📊 Key Levels

Resistance

$2,370 – $2,400 (local resistance)

$2,502 (0.236 Fib)

$2,600 (200 EMA / major resistance)

Support

$2,300 (key support / structure base)

$2,255 (50 EMA)

$2,100 – $2,150 (demand zone)

📌 Summary

Ethereum is building a bullish recovery structure, supported by EMA reclaim and consistent higher lows. Price is currently consolidating just below $2.35K – $2.40K resistance, signaling potential breakout pressure.

A successful push above $2,400 – $2,500 would confirm continuation toward $2,600+, while rejection could lead to another retest of $2,300 support.

Overall, ETH is in a healthy accumulation phase, with momentum favoring buyers as long as key support holds.

$ETH ‌