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Agoraflux_WOP
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#ETH Market Analysis
ETH/USDT just did what it hasn't done in over two months — it finally cracked the descending trendline that's been capping every rally since the April 2,500 highs. Price is trading at 1,705 on the 8h after a clean impulsive push out of the falling wedge, with the 1,530 base holding firm and buyers stepping in hard to reclaim the structure that's dictated the entire downtrend.
Bull case: hold above 1,680 and turn the broken trendline into support, opening room toward 1,750 and a bigger move into 1,810. Bear case: fail the retest and slip back below 1,650, dragging price into 1,580 and putting the whole breakout in question. Are you trusting this breakout, or waiting for the retest before committing?
#trading
ETH/USDT just did what it hasn't done in over two months — it finally cracked the descending trendline that's been capping every rally since the April 2,500 highs. Price is trading at 1,705 on the 8h after a clean impulsive push out of the falling wedge, with the 1,530 base holding firm and buyers stepping in hard to reclaim the structure that's dictated the entire downtrend.
Bull case: hold above 1,680 and turn the broken trendline into support, opening room toward 1,750 and a bigger move into 1,810. Bear case: fail the retest and slip back below 1,650, dragging price into 1,580 and putting the whole breakout in question. Are you trusting this breakout, or waiting for the retest before committing?
#trading
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