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Technical Perspective of ETH: Ethereum Attempts Recovery After Prolonged Correction Ethereum
is trading within a broader corrective structure after
facing a strong rejection in the macro supply zone of $4,450–$4,950,
where the price reached a peak near Fibonacci levels 0.786–1.0.
This rejection marked a clear distribution phase, ending the
previous bullish momentum and triggering a sharp decline over several
months. The selling intensified as ETH lost the
$4,065–$3,790 (0.618–0.5 Fib) region, turning this area into a strong
resistance zone and confirming a bearish structural shift.