$EUL /USDT is under heavy pressure, but the story is not finished.

After rejecting the 3.39 high, price has slid into the 3.22–3.24 demand zone, where buyers are finally stepping in. The Parabolic SAR remains above price, confirming bearish control, yet the long lower wicks signal exhaustion from sellers.

Holding above 3.22 is crucial. A bounce from this base can trigger a recovery toward 3.30–3.32. A clean breakdown would expose deeper downside with speed.

candles will reveal whether this move is distribution or a reset before the next surge.

$EUL

EULEthereum
EULUSDT
2.98
+0.50%