Technical Outlook: $ETH Reclaims Short-Term EMAs, but 100 $EMA.US Remains the Major Barrier
Ethereum is extending its recovery after defending the $1,888–$1,904 demand zone. Price has reclaimed both the 20 EMA and 50 EMA, while RSI continues to strengthen above the neutral level, signaling improving bullish momentu$$m. However, ETH remains below the 100 EMA and 200 EMA, indicating the higher-timeframe trend is still bearish despite the ongoing relief rally. 📈 EMA Structure (Short-Term Bullish Recovery)
20 EMA: $1,841.45
50 EMA: $1,831.47
100 EMA: $1,937.74
200 EMA: $2,192.98
ETH is trading above both the 20 EMA and 50 EMA, confirming buyers have regained short-term control.
The 100 EMA ($1,937.74) is the next major resistance and remains the key level required to confirm a broader trend re$versal.
The 200 EMA ($2,192.98) continues to act as strong higher-timeframe resistance. 👉 The short-term structure favors buyers, but the macro trend remains bearish until ETH establishes sustained price action above the 100 EMA. 📐 Fibonacci & Market Structure
ETH remains below the 0.236 Fibonacci level at $2,298.74, confirming the higher-timeframe downtrend remains intact.
Buyers continue defending the $1,888–$1,904 demand zone, creating a higher-low structure after sweeping sell-side liquidity.
Price is currently testing a local resistance cluster around $1,922–$1,946, where previous supply and liquidity could trigger profit-taking.
Bullish Targets:
$1,946 (100 EMA resistance zone)
$2,000
$2,193 (200 EMA)
$2,299 (0.236 Fibonacci)
Bearish Scenario:
Losing $1,904 would weaken the current recovery structure.
A breakdown below $1,888 would invalidate the bullish setup and increase the probability of revisiting recent lows. 🧠 ICT / Smart Money View
ETH has reclaimed nearby buy-side liquidity after sweeping the June lows and is attempting to build a bullish market structure.
Price is filling a short-term Fair Value Gap (FVG) while approaching a nearby Order Block (OB), where sellers may become active. $ETH