What's the real story with this symmetrical triangle forming on the charts? Breaking down or brewing a bounce?



ETH/USD has been glued to that 365-day moving average for the better part of a year now—that's not coincidence. Whether we're looking at a bearish continuation push lower or if we're actually seeing a potential bottom setup, the technicals are worth dissecting.

The confluence is interesting here. Long-term EMA support meeting pattern resolution. Could go either way, but the setup's worth monitoring closely.
ETH-0,71%
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MEVHunterBearishvip
· 19h ago
Dancing along the moving average for 365 days, this is really outrageous... To put it simply, they haven't decided which direction to go.
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RugPullProphetvip
· 19h ago
Spending the whole year bouncing around 365 days, is it really time to speak now? Either explode or crash, just watch, brothers.
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GasGrillMastervip
· 19h ago
Sticking to the 365-day moving average all year round, is ETH dancing or sleeping... The real highlight is when the triangle breaks out.
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AirdropHunterKingvip
· 19h ago
Oh no, playing along the 365-day moving average for a year, isn't this the same feeling as repeatedly confirming the wallet address when I was farming last year... It takes repeated interactions to stabilize.
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