#EthereumTurns10

Technical Analysis – Reversal or Retracement? 🔍

ETH is currently trading around $3,780, showing signs of consolidation after a recent dip from the Fib 0.786 zone (~$3,843). The price found strong support near the 0.382 level ($3,758) and bounced, but it's still struggling to break above the short-term EMA(7) at $3,796 and EMA(25) at $3,814, indicating short-term bearish pressure.

MACD is still bearish with a wide gap between MACD and signal line.

StochRSI and MAStochRSI are in the oversold zone (~22), hinting at a possible bullish reversal.

RSI (14) is sitting at 41.82, suggesting weakness but not yet oversold.

🔄 Key Levels to Watch

Immediate Resistance: $3,799 - $3,808 (EMA & Fib 0.618 zone)

Support Zone: $3,758 (Fib 0.382) to $3,727 (Fib 0.236)

Breakdown Risk: Below $3,678 (Fib 0.0)

🧠 Bulls must reclaim the $3,808 level (Fib 0.618) for momentum to continue. If rejected again, we may retest lower supports. Watch volume and RSI shifts for clues. Ideal zone for scalp trades or short-term rebounds, especially if support at $3,758 holds.

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