A Christmas Setup: Is the Breakout Gift Coming?
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ETH/USD – 1H | Key Points:
Market State: Range consolidation after a sharp pullback.
Support Zone: ~2,900–2,920 → buyers defending repeatedly.
Resistance Zone: ~3,030–3,060 → strong supply overhead.
Structure: Higher lows forming from support → recovery attempt.
Bias: Neutral → bullish only if price reclaims 3,000+.Context (Macro / Holiday):
Low Christmas liquidity → slow, choppy price action.
Real momentum likely comes after a clean breakout.Plan:
Buy reactions at support.
Confirm longs only on break & hold above resistance.