$ETH bulls aren't backing down just yet.
Despite a 5% weekly drop, Ethereum defended its 50-week moving average near $2,332, keeping the bullish structure alive.
ETH remains trapped between $2,300 and $2,800, but this range won't hold forever.
A push above $2,550 could open the door to $2,800, where the real breakout test begins.
Lose $2,300, though, and $1,900 becomes the next downside target.
Bulls still have the edge, but the next breakout will decide who truly controls the market.
#Nikhil_BNB
Despite a 5% weekly drop, Ethereum defended its 50-week moving average near $2,332, keeping the bullish structure alive.
ETH remains trapped between $2,300 and $2,800, but this range won't hold forever.
A push above $2,550 could open the door to $2,800, where the real breakout test begins.
Lose $2,300, though, and $1,900 becomes the next downside target.
Bulls still have the edge, but the next breakout will decide who truly controls the market.
#Nikhil_BNB