ETH Technical Outlook: Breakdown Below 0.236, Testing Macro Demand
ETH has confirmed a strong distribution → breakdown → markdown structure after rejecting from the 0.786–0.618 supply region.
Price failed to hold above 0.618 (3,728.06) and 0.5 (3,349.42), then decisively broke below 0.382 (~2,970) and 0.236 (2,502.78) — triggering an accelerated selloff.
ETH is now stabilizing near 1,930–1,960, just above the macro base.
EMA Structure (Full Bearish Alignment)
20 EMA: 2,248.13
50 EMA: 2,606.18
100 EMA: 2,906.83
200 EMA: 3,115.90
Price is trading below all major EMAs, confirming strong bearish c