ETH Technical Outlook: Ethereum Consolidates Near Major Demand as Bearish Structure Persists Ethereum remains under corrective bearish pressure following a strong rejection from the $4,450–$4,950 supply zone, where price topped near the 0.786–1.0 Fibonacci levels. This rejection marked a clear distribution phase and triggered a sharp downside move. The sell-off intensified once ETH lost the $4,065–$3,790 region (0.618–0.5 Fib), pushing price decisively below all major EMAs, confirming short-to-medium-term bearish control. EMA Structure (Bearish Alignment) 20 EMA – $3,013 50 EMA – $3,176 100 EMA – $3,386 200 EMA – $3,396 All EMAs are sloping downward and stacked above price, meaning every rebound attempt continues to face strong dynamic resistance. ETH is currently consolidating above the $2,750–$2,620 major demand zone, which aligns closely with the Fib 0 level at $2,623. This area has historically acted as strong support, and recent price action suggests selling pressure is easing, increasing the probability of a short-term relief bounce. For bulls, the first key level to reclaim is $3,174 (0.236 Fib). A daily close above this level would signal early stabilization. A stronger recovery would require ETH to break above $3,515 (0.382 Fib) and then reclaim $3,790 (0.5 Fib) — where previous breakdowns occurred. A full trend reversal would only be confirmed if ETH regains $4,065 (0.618 Fib) and holds above it, a scenario that currently remains unlikely without broader market strength. On the downside, failure to hold the $2,620 support zone would expose ETH to deeper losses toward $2,400, the next major macro demand level. RSI is currently around 44, reflecting weak but stabilizing momentum, consistent with consolidation rather than aggressive selling. 📊 Key Levels Resistance $3,174 (0.236 Fib) $3,176 (50 EMA) $3,386–$3,396 (100 / 200 EMA cluster) $3,515 (0.382 Fib) $3,790 (0.5 Fib) $4,065 (0.618 Fib) $4,457 (0.786 Fib) Support $2,750–$2,620 (major demand zone) $2,400 (macro support) RSI 44 — weak momentum, stabilizing 📌 Summary ETH is consolidating above a key long-term demand zone after a sharp corrective decline. While easing selling pressure may support a short-term bounce, the broader structure remains bearish unless ETH reclaims the $3,515–$3,790 resistance region with strength. A breakdown below $2,620 would expose ETH to further downside toward $2,400. $ETH #GateChristmasVibes

Spotted a fresh listing on Uniswap (Ethereum): $BEPE is showing some interesting moves 📊 Contract: 0x6D38EB39C772DdBFf5c6eF48Dba661BA61BC905e Last 24 hours snapshot: • Buy volume: $84,692 • Sell volume: $61,983 • Liquidity pool: $51,393 • Market cap sitting at: $217,838 Buying pressure is noticeably stronger than selling—that buy/sell ratio caught my eye. The liquidity depth suggests some decent trading room here. Not saying it's a gem or a trap, just sharing what the numbers show. Anyone tracking this one?