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#Ethereum is sitting at a very important area right now.
Price is holding a key support zone that aligns with the 200 EMA and the rising trendline, while also attempting to reclaim the short-term downtrend resistance.
The Hull Suite indicator remains bearish, showing that momentum hasn't fully shifted yet. However, sellers have failed to push ETH below support despite multiple attempts.
As long as this support zone holds, ETH still has a chance to break the descending trendline and start a move higher.
A clean breakout above the trendline would be the first sign that bulls are taking back control.