$ETH Technical Levels

ETH faces critical resistance at the 50-day

SMA ($2,507) and $2,700 Fibonacci

level. The MACD histogram at -33.7

shows bearish momentum acceleration,

though RSI (47.94) suggests no oversold

conditions.

Notable support lies at the 78.6% Fib level

($2,279) - a breakdown here could trigger

liquidations given $17B futures open

interest. The 60-day +35% rally appears

overextended relative to weakening

derivatives demand (3% monthly futures

premium).

Ethereum's price trajectory hinges on

executing its L2 scaling roadmap while

maintaining base-layer security premiums,

against a backdrop of intensifying