ETH Technical Outlook: Ethereum Breaks Structure Support as Bearish Control Strengthens
Ethereum has decisively broken below the rising corrective channel and failed to hold the $2,900–$2,875 demand zone, confirming a continuation of the broader corrective decline from the cycle high. The loss of structural support near the 0.236 Fibonacci retracement ($3,173) has shifted market control firmly back to sellers.
Price is now trading near the 0 Fibonacci base around $2,623, where short-term demand reaction may occur. However, overall structure remains weak, and any upside movement is currently vi