#ETHBreaks2k $ETH

Perspective as a Trader:

Bearish Scenario (most likely in the short term):

If ETH fails to close above $2,000 on the daily, the recent breakout could be a "fakeout" and the price may seek lower levels ($1,700-$1,530). This aligns with the current technical and fundamental weakness.

Strategy: Sell on bounces toward $2,050 with a stop-loss adjusted above $2,100, aiming to take profits at $1,850 or below.

Bullish Scenario (less likely without catalysts):

A sustained breakout above $2,100 with significant volume could indicate a trend change. This would require a catalyst event (e.g., improvement in ETF flows or mass adoption on the network).

Strategy: Buy on breakout confirmation with a stop-loss below $1,980, targeting $2,400 as the initial objective.

What is your perspective on Ethereum after breaking the 2k barrier?