Here's what happened when Ethereum finally cleared the ceiling that had rejected it three times this year.
A lot of traders either bought the last two fakeouts and got wrecked, or they sat in $USDT waiting for a perfect signal and missed the actual break. That kind of timing pain is what this market loves to dish out.
This time the close above resistance actually held. Volume stayed in, and $ETH did not immediately dump the way it did in previous attempts. Compare that to $BTC, which keeps getting turned away at its own highs. We saw this exact rotation in 2021. Bitcoin ran first, then Ethereum caught the capital looking for the next leg. ETF inflows have already put a floor under the whole market, so the money has somewhere to go when it rotates.
Fear and greed sitting at 72 means people are already leaning long. Breakouts in that environment can run, but they also chew up anyone who chases the first green candles instead of waiting for the retest. Past ETH moves taught the same lesson. Size in after confirmation, not during the spike.
Where do you think this goes from here relative to Bitcoin?
#ETHBreaksAbove #SpotBitcoinETFsInflow #BitcoinRejectedAt
A lot of traders either bought the last two fakeouts and got wrecked, or they sat in $USDT waiting for a perfect signal and missed the actual break. That kind of timing pain is what this market loves to dish out.
This time the close above resistance actually held. Volume stayed in, and $ETH did not immediately dump the way it did in previous attempts. Compare that to $BTC, which keeps getting turned away at its own highs. We saw this exact rotation in 2021. Bitcoin ran first, then Ethereum caught the capital looking for the next leg. ETF inflows have already put a floor under the whole market, so the money has somewhere to go when it rotates.
Fear and greed sitting at 72 means people are already leaning long. Breakouts in that environment can run, but they also chew up anyone who chases the first green candles instead of waiting for the retest. Past ETH moves taught the same lesson. Size in after confirmation, not during the spike.
Where do you think this goes from here relative to Bitcoin?
#ETHBreaksAbove #SpotBitcoinETFsInflow #BitcoinRejectedAt
