ETHUSDT: Trendline Holds Firm, 1.930 Back FocusEthereum / TetherUSBINANCE:ETHUSDTDomicChainaETHUSDT is trading around 1,887 USDT after multiple bounces from the 1,860–1,875 zone. The price is currently hovering near the EMA34/EMA89 lines but has not broken the short-term bullish support structure. Macroeconomic factors are providing mild support for a recovery scenario. US PPI data for July came in lower than expected, causing the market to lower the probability of a September Fed rate hike to approximately 35% and driving down Treasury yields—creating a more favorable environment for risk assets. On the 1-hour (H1) chart, if the trendline around 1,870–1,880 continues to hold, I lean towards a scenario where ETH recovers to the 1,915–1,930 USDT resistance zone, with 1,930 being a key target to watch.