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. https://x.com/cyrilXBT/status/1997917573263065374?s=20(CyrilXBT)