ETH/USDT - update

Price: - $3.1K

• ETH just bounced off the $2.8–2.9K demand zone (old range + support)

• But it’s still sitting under the 50-week EMA (~$3.3K), which is now acting as resistance

• Macro structure is still higher lows since 2022

What I’m watching next:

Close back above $3.3–3.4K → reclaim of EMA 50, opens up $3.8–4.0K again.

Lose $2.8K on a weekly close → risk of a deeper flush into $2.4–2.5K.

For now: ETH is holding support, but the real trend confirmation only comes if it can win back that 50-week EMA.

#etherreum #USDT