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ETH weekly update
Price around $3.1K and knocking on the door of the 50-week EMA (~$3.3K) the same line that’s flipped bull/bear for years.
If ETH can close and hold above $3.3–3.5K, that’s your signal for trend back in bull mode and a path toward $3.8K → $4.2K+
If it rejects here, don’t be shocked by a move back toward $2.7K–2.4K.
Simple: ETH is at a “prove it” level. Break the EMA and the party resumes. Fail here and it’s just another rally in a downtrend.