ETH doesn't seem to show any obvious movements this weekend, but from a technical perspective, there are still some considerations.
To continue moving upward, two key points are essential — first, a successful breakthrough of the resistance level and trendline above; second, and more importantly, avoiding a drop back into the lower consolidation zone. If it re-enters that area, it indicates that this wave of correction hasn't been fully digested yet, and there may be more fluctuations ahead.
So, the current opportunity lies right here. As long as it can hold steady above the key levels, the rebound space can truly open up. That's the situation for now; let's keep an eye on the strength of the breakout.
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MEVHunter
· 13h ago
nah this is just the classic range squeeze play... mempool's been dead all weekend anyway. the real alpha happens when btc decides to stop being boring and eth either breaks that resistance or gets sandwiched back down. watching the block builders atm, something's cooking but can't call the direction yet tbh.
Reply0
BearMarketSunriser
· 12-27 20:52
It's the same story again—whether a position is key or not ultimately depends on luck.
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ContractBugHunter
· 12-27 20:52
Nothing much happening over the weekend, it's indeed boring. Just waiting to see if this move can break the level.
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AirdropAutomaton
· 12-27 20:46
Did it break through? It looks pretty uncertain.
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ConsensusBot
· 12-27 20:46
Consolidation is like this; it depends on whether we can hold the support. Once it drops back, it will really be troublesome.
ETH doesn't seem to show any obvious movements this weekend, but from a technical perspective, there are still some considerations.
To continue moving upward, two key points are essential — first, a successful breakthrough of the resistance level and trendline above; second, and more importantly, avoiding a drop back into the lower consolidation zone. If it re-enters that area, it indicates that this wave of correction hasn't been fully digested yet, and there may be more fluctuations ahead.
So, the current opportunity lies right here. As long as it can hold steady above the key levels, the rebound space can truly open up. That's the situation for now; let's keep an eye on the strength of the breakout.