ETH Technical Outlook: Breakdown From Range, Entering Deep Corrective Phase
ETH has been rejected from the $4,250–$4,950 macro supply zone (0.786–1 Fib) and has transitioned into a broader corrective structure after the cycle distribution top. Price continues to respect a descending corrective channel, producing lower highs and weak recovery attempts.
Recent price action shows ETH losing the $2,500 (0.236 Fib) level and flushing into the $2,000–$1,750 macro demand zone, where buyers are now attempting to absorb sell pressure. However, higher-timeframe structure remains bearish.
EMA Structure (