ETH Technical Outlook: Breakdown From Range Support, Entering Deep Corrective Phase
ETH has been rejected from the $4,280–$4,950 macro supply zone (0.786–1 Fib) and remains in a broader corrective structure after the cycle distribution top. Price continues to respect a descending / corrective structure, producing lower highs and weak recovery attempts.
Recent price action shows ETH losing the $2,560–$2,630 support cluster (0.236 Fib) and flushing into the $1,825–$2,000 macro demand base, where buyers are now attempting to slow downside momentum. However, overall structure remains bearish.
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