Time to risk on for ETH. December has been a decent month for bullruns as proven in the past. With more fear for inflation and FED looking to pump more non-existing money into the economy, crypto could see a rise once again as fiat draws down.
Just some Basic TA, not beyond TA.
We see an consolidation/accumulation on the daily RSI. Potentially forming a double bottom. Eth broke 4k support but saw no follow through, forming somewhat of a descending triangle.
20 minutes left for daily close. Above the first yellow line would be a confirmation to enter position. Above the 4th yellow line a breakout and retest should follow. Clear invalidation and profit taking level with a great R/R.
RISK ON