$ETH Weekly Update
Ethereum did exactly what was outlined earlier. Price lost the $3,000 level, dumped into the $2,800 zone, and has now bounced back toward the 1W 50 EMA. This bounce changes nothing structurally..
Right now ETH is testing a key decision area. The 1W 50 EMA is acting as resistance. If ETH manages to hold above $3,300, a squeeze toward $3,600ā$3,800 is very possible. That zone is where risk shifts back in favor of shorts, and I would look to add there aggressively.
Downside targets remain unchanged:
First target $3,000
Second target $2,600
Final target $2,200
Same logic applies to BTC. If Bitcoin pushes above $98k, that strength will be used to add more short exposure, not chase upside.
Until ETH reclaims the 1W 50 EMA and builds acceptance above it, every move up is just liquidity, not recovery. Bears still control the higher timeframe.
