The last time $ETH broke a major level with greed this high, the people who bought the first candle spent the next month defending a losing position.
You've been waiting for this exact moment for months, and now that it's here you cannot tell if you should size in or run. That hesitation is the tax this market charges for FOMO.
I have seen this setup in more than one cycle. In 2021 ETH sliced through two thousand like it owed nobody an explanation, then spent weeks chewing through everyone who chased the first impulse. 2017 was no different. The breakout feels like relief. The retest feels like betrayal.
Greed sitting at 72 means the consensus is already long. That is not a reason to fade every rally, but it is a reason to stop treating the first print above resistance as a gift. $BTC still dictates whether this holds, and idle $USDT on the sidelines tells you a lot of capital has not committed yet. Volume confirmation and a successful retest of the broken level are the actual signals. The candle everyone screenshots is usually just the liquidity.
Does this $ETH break look real to you, or are we still hunting for the wick?
#ETHBreaksAbove #SpotBitcoinETFsInflow #BitcoinRejectedAt
You've been waiting for this exact moment for months, and now that it's here you cannot tell if you should size in or run. That hesitation is the tax this market charges for FOMO.
I have seen this setup in more than one cycle. In 2021 ETH sliced through two thousand like it owed nobody an explanation, then spent weeks chewing through everyone who chased the first impulse. 2017 was no different. The breakout feels like relief. The retest feels like betrayal.
Greed sitting at 72 means the consensus is already long. That is not a reason to fade every rally, but it is a reason to stop treating the first print above resistance as a gift. $BTC still dictates whether this holds, and idle $USDT on the sidelines tells you a lot of capital has not committed yet. Volume confirmation and a successful retest of the broken level are the actual signals. The candle everyone screenshots is usually just the liquidity.
Does this $ETH break look real to you, or are we still hunting for the wick?
#ETHBreaksAbove #SpotBitcoinETFsInflow #BitcoinRejectedAt
