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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.