28d • Crypto Market Content
ETH/USDT Breakout - Real or Fake? 🎯
ETH just broke above the descending wedge at $4,450, but here's the catch:
BULLISH CASE ✅ Clean break above wedge resistance, pattern typically resolves upward, holding the breakout level so far
BEARISH CASE ❌ Still below SMA 200 at $4,565 (key resistance), no retest yet, broader downtrend context
THE VERDICT: 50/50 odds right now 🤷
Watch these levels:
Hold above $4,400 = Bullish continuation likely 📈 Break above $4,565 (SMA 200) = Confirmed breakout, target $4,700+ Fall below $4,350 = False breakout confirmed 📉
Next 4-8 hours are critical. No conviction yet, needs follow-through with volume.
I'm net short small right now and I wonder if there are any DeFi U members who would want to make a market on Polymarket for this ETH breakout.
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ETH/USDT Breakout - Real or Fake? 🎯
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