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$ETH update - dec 9
ETH is slowly recovering after months of acting like a stable coin
Price sitting around $3.3K
Strong bounce from the $2.8K zone (old resistance → new support)
Just reclaimed the 50-week EMA (~$3.3K) – key line to hold
What I’m watching next:
> Hold above $3.2–3.3K → room to push into $3.6–3.8K, then eyeing the $4K+ area
> Lose $2.8K on a weekly close → risk of a deeper trip back toward $2.4–2.5K
Until then, ETH is that friend who says they’re “back,” but still has to show up on time a few more weeks in a row.