#ETHEREUM WEEKLY UPDATE
$ETH has broken below 3000 exactly as expected. I mentioned earlier that losing this level clears the path toward 2800 to 2600, and the chart shows price already dipping into the green box. The move has played out the same way as Bitcoin, with both charts hitting their downside targets perfectly. I’m still looking for further weakness.
ETH is trading near 3000, but the 1W50 EMA is sitting above as a clear resistance. A retest toward 3300 looks likely, and I’ve already placed my limit orders in that zone. I shared the same setup in the free group. If we reject from 3300, the next move toward 2600 becomes the main scenario again.
If 2600 breaks, the deeper targets open up. I’m watching 2100 to 2000 as the next strong demand area. Until ETH reclaims higher levels with real strength, the bias remains bearish.
