ETH Technical Outlook: Ethereum Testing Macro Base After Losing 0.236 Support
Ethereum remains in a sustained corrective downtrend after failing to hold above the $3,300–$3,700 resistance cluster (0.5–0.618 Fibonacci region).
Multiple lower highs inside a descending structure, followed by a decisive breakdown below 0.236 ($2,502), confirmed continuation of bearish momentum.
Price is now consolidating near $1,940–$2,000, just above the macro base around $1,745, forming a short-term stabilization range after an extended decline from the $4,200+ highs.
This region is a critical decision zone for