2025-12-08 19:33:49

ETH's recent price action finally shows some life after weeks of bleeding. The downtrend looks exhausted now. Price punched through that descending trendline and settled into sideways consolidation.

Two trades catching my eye right now:
- Momentum play if we get confirmation of bullish continuation
- Range breakout setup if price tests the boundaries

Let's see which scenario plays out first.

ETH6.07%

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SilentAlpha

· 18h ago

Wait a minute, is this breakout real or is it another bull trap? What happened with the last "breakout"?

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TestnetNomad

· 12-08 20:02

Finally broke the support level. If it drops again this time, I'll completely reveal my hand.

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CoconutWaterBoy

· 12-08 19:49

Finally not dead, if you don't make a move during this consolidation, what are you waiting for?

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BrokenDAO

· 12-08 19:40

Here we go with this argument again... Does breaking a descending trendline mean we've hit the bottom? History tells us that these so-called "confirmation signals" are often just perfect exit liquidity for others. Who can guarantee there won't be a double bottom, unless there's enough on-chain capital inflow to support a game-theoretic equilibrium? Otherwise, the so-called consolidation is just whales distributing at high levels, waiting for retail investors to FOMO in.

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IJustWantToHaveFood