Ethereum price analysis today shows ETH moving inside a rising channel on the daily chart, but the structure remains bearish as long as price trades below the EMA50 and EMA100. Rejection wicks near the upper boundary and a fade at the 0.236 Fibonacci retracement keep the move corrective, not a real trend reversal.
Daily Chart – Rising Channel, But Still a Bearish Structure
The rebound from the $2,625 low stalled at the 0.236 Fibonacci retracement (drawn from the $4,925 high to the $2,625 low). This shallow reaction fits a market still under bearish pressure.
Price remains below the EMA50 and EMA100, keeping sellers in control. Multiple rejection candles at the upper channel boundary confirm overhead supply.
If the lower trendline breaks, downside opens toward $2,900–$2,800. If bearish pressure increases, a full retest of $2,625 becomes likely.
For a clean bullish reversal, ETH needs a daily close back above the moving averages and a decisive breakout over $3,550.
4H Chart – Failed Bollinger Bands Breakout and Weak Momentum
The Bollinger Bands are widening, signaling volatility expansion that usually supports continuation in the current direction — here, down.
Recent candles show long upper wicks at the top band, weak volume, and no bullish follow-through (no Marubozu or Engulfing), supporting a push toward the $3,010 target.
Key Levels (4H)
- Support: $3,110, $3,000, $2,920
- Resistance: $3,200 (middle band), $3,380 (upper band)
Bottom Line
ETH remains in a bearish structure despite trading inside a rising channel. If price loses the lower boundary, expect momentum toward $2,900–$2,800 and possibly $2,625. A meaningful bullish shift requires strength above EMA50, EMA100, and a daily close over $3,550.
See also: Bitcoin Price Analysis
Ethereum Key Levels Table (Daily + 4H)
| Category | Level | Notes |
|---|---|---|
| Major Resistance | $3,550 | Needs a daily close above to confirm bullish reversal |
| EMA Resistance | EMA50 / EMA100 | ETH stays bearish while trading below both moving averages |
| Channel Resistance | $3,380 | Upper boundary of Bollinger Bands on 4H |
| Mid-Range Resistance | $3,200 | 4H mid-band (SMA20) — key rejection zone |
| Immediate Support | $3,110 | First support holding 4H structure |
| Short-Term Support | $3,000 | Psychological round-number support |
| Deep Support | $2,920 | Key 4H structural support — break opens further downside |
| Downside Target | $2,900 – $2,800 | Projected if rising channel breaks downward |
| Major Low | $2,625 | Critical level from which last bounce originated |
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