Ethereum (ETH) Technical Outlook – Bulls Defend Key $3,730 Support Zone

Ethereum (ETH) is consolidating near the $3,900 level, showing early signs of stabilization after multiple tests of the 0.236 Fibonacci support ($3,732). Buyers are trying to defend this area as ETH trades slightly above its 200 EMA ($3,607) — a crucial long-term support line that has held firm so far.

On the upside, ETH faces resistance near the 0.382 Fibonacci level ($3,966), aligning closely with the 20 EMA ($3,967). A breakout and close above this zone could open the door for a move toward $4,155 (0.5 Fib) and $4,344 (0.618 Fib), where stronger resistance is expected.

However, if ETH fails to hold above $3,730, it could slide toward the next demand area near $3,600–$3,500, which coincides with the 200 EMA support.

The RSI (43.9) shows weak but stabilizing momentum, suggesting that sellers are losing strength while bulls prepare for a potential recovery attempt.

📊 Summary:

Trend: Neutral-to-bearish, stabilizing above key support

Support: $3,732 / $3,600 / $3,500

Resistance: $3,966 / $4,155 / $4,344

Outlook: ETH must reclaim $3,970–$4,000 to confirm short-term bullish momentum; otherwise, price could stay range-bound between $3,700–$4,000 before the next decisive move.

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