Technical Outlook: Ethereum Holds Above $2.30K — Reclaim Phase Near Key Resistance Ethereum is showing a gradual recovery after its sharp selloff, with price now stabilizing above the $2.28K – $2.31K support zone. The current structure reflects a short-term bullish recovery, but ETH is approaching a critical resistance cluster that will decide the next major move. EMA Structure (Recovery in Progress) 20 EMA: $2,306 50 EMA: $2,265 100 EMA: $2,343 200 EMA: $2,592 Price is trading above 20 & 50 EMA Short-term structure shows bullish alignment forming ETH is still below 100 & 200 EMA → macro trend remains bearish 👉 A reclaim of $2.34K – $2.60K zone is needed for stronger trend reversal. Fibonacci & Market Structure 1.0 Fib (High): $4,956 0.786 Fib: $4,269 0.618 Fib: $3,729 0.5 Fib: $3,350 0.382 Fib: $2,971 0.236 Fib: $2,502 Fib 0: $1,744 ETH is currently trading below 0.236 Fib ($2,502) Price is attempting to build structure above $2.30K Recent move shows reclaim of short-term range after liquidity sweep 👉 Holding above $2.28K – $2.30K strengthens continuation bias. Market Structure Insight (ICT Concepts) Previous drop cleared sell-side liquidity near $2.2K Current price action shows range formation + minor FVG fills Market is testing a local supply zone around $2.30K – $2.35K 👉 A breakout above this zone could trigger expansion toward $2.50K+ RSI Momentum RSI (14): 53 Slight bullish momentum Not overbought → room for continuation Indicates controlled upward movement 👉 Sustaining above 50 RSI keeps buyers in control. 📊 Key Levels Resistance $2,340 – $2,370 (local supply) $2,500 (0.236 Fib) $2,590 (200 EMA / major resistance) Support $2,280 (range support) $2,265 (50 EMA) $2,230 (demand zone) 📌 Summary Ethereum is currently in a short-term recovery phase, holding above $2.30K support while gradually pushing into resistance. The structure suggests accumulation and continuation potential, but ETH still needs to break above $2.35K – $2.50K to confirm stronger upside. Failure to hold $2.28K support could lead to another pullback, while a breakout would open the path toward $2.60K and beyond. Overall, momentum is slightly bullish, but ETH remains below key macro resistance, keeping the broader trend cautious. $ETH ‌

【$ETH Signal】Short - 4H death cross continues, rebound lacks strength $ETH 1H MACD golden cross but decreasing bars, insufficient buying follow-through. 4H MACD still below zero line, DEA suppression is obvious. RSI 1H 59.88, not overbought but already stagnating, bullish momentum is exhausted. 🎯Direction: Short ⚡Entry: Short within the range of 2314.27 - 2336.52, prioritize entering on a rebound above 2330 🛑Stop loss: 2357.13 🚀Target 1: 2295.30 🚀Target 2: 2274.70 🛡️Trade management: Reduce 50% of position upon reaching Target 1, move stop loss down to entry price. If price rebounds and breaks through the stop loss, exit to avoid mistake. Depth logic: 1H trading volume continues to shrink, latest candlestick buy ratio 0.36, selling pressure dominates. Depth imbalance -1.14%, more sell orders on the book. Funding rate 0.0057% neutral, does not support short squeeze. Upper EMA20/50 are densely suppressing, rebound space is limited. Current risk-reward ratio is about 1:2, worth betting. Check real-time market 👇 $ETH --- Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL ‍#Gate广场五月交易分享 #比特币跌破8万美元 #美伊冲突再升级