📊 $ETH TECHNICAL ANALYSIS — ETHEREUM CONSOLIDATES BELOW $2,260

MARKET STRUCTURE

Ethereum is attempting stabilization following its recent selloff toward $2,174.

The 4-hour EMA20 stands near $2,286, above current price, while RSI around 36 reflects persistent bearish momentum.

Recent candles show reduced volatility, but buyers have not established a convincing recovery.

KEY SUPPORT

$2,234–$2,237 — Immediate support

$2,208 — Secondary support

$2,174 — Major structural support

KEY RESISTANCE

$2,248–$2,253 — Immediate resistance

$2,262 — Recovery resistance

$2,286 — Major resistance near EMA20

📈 BULLISH SCENARIO

A sustained 4-hour close above $2,262 could support recovery toward $2,286. Breaking that level would improve the probability of testing $2,337.

📉 BEARISH SCENARIO

Failure to defend $2,234 could expose $2,208. A decisive break below $2,208 would increase downside risk toward $2,174.

🔎 TECHNICAL CONCLUSION

OUTLOOK: NEUTRAL TO BEARISH

ETH is consolidating after significant selling pressure, but the broader short-term structure remains weak.

Decisive range: $2,234–$2,262.

A sustained move above $2,286 is needed to strengthen recovery confirmation.

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Source: Binance ETH/USDT Spot