Technical analysis by hilmiyus about Symbol ETH on 11/27/2025

The asset has been in a downtrend (evidenced by the steep drop from the $3,658 high), but it is currently staging a sharp reversal/relief rally. Fibonacci Retracement Analysis The chart uses a Fibonacci retracement drawn from the high of ~$3,658 to the low of ~$2,622. Current Battle (0.382 Level): The price is currently testing the 0.382 Fib level at roughly $3,017. This is a critical zone. Breaking and closing above this level indicates that the recovery is gaining legitimate strength rather than just being a "dead cat bounce." Immediate Resistance (0.5 Level): If the price sustains above $3,031, the next magnet is the 0.5 Fib level at $3,140. The Golden Pocket (0.618 Level): The most significant resistance lies at $3,262. Bearish trends often reverse back down from here. A clean break above $3,262 validates a full trend reversal to the upside. Bollinger Bands (BB) Mean Reversion: The price had been hugging the Lower Bollinger Band (oversold territory) but has now snapped back up. The Middle Band (Basis): The red center line (20 SMA) is sitting around $3,114. This aligns closely with the 0.5 Fibonacci level. Technical Insight: In a downtrend, the Middle Band often acts as dynamic resistance. The price needs to reclaim this line to flip the momentum from bearish to bullish. Momentum Indicator (Bottom Panel) Sharp Spike: The Momentum (Mom) indicator shows a very sharp vertical spike to 2.52. This indicates a sudden, aggressive influx of buying volume or volatility. While bullish, such sharp spikes can sometimes precede a short-term cool-off or consolidation as the market digests the move. Summary of Critical Levels Level TypePriceSignificance Resistance 1$3,114 - $3,140Confluence of Middle Bollinger Band and 0.5 Fib. Resistance 2$3,262The 0.618 "Golden Pocket" (Major Pivot). Resistance 3$3,658Previous Swing High. Support 1$2,866The 0.236 Fib level. Support 2$2,622The recent Swing Low (Must hold for bullish case). Verdict The chart shows a strong counter-trend rally. The "Red Line" scenario is an optimistic bullish reversal setup (likely an Inverse Head and Shoulders or Elliott Wave 1-2-3). Caution: Until ETH closes a daily candle above the Middle Bollinger Band ($3,114) and the 0.618 Fib ($3,262), the macro trend technically remains bearish/neutral.