ETH/USDT – Breakout Beast or Bull Trap?
A bull trap occurs when the price breaks above a key resistance level—triggering buy signals—only to reverse sharply, trapping late buyers in losing positions. Currently ETH is fluctuating in $2,480-$2,490 range. If ETH can't stay above $2,450 with volume confirmation, this breakout could fake out bulls and dump back into the range — classic bull trap behavior.
📌 Current Price: $2,495
🔼 24h High: $2,612.21
🔽 24h Low: $2,426.14
💹 Price Action: +1.87% today, slight rejection near the highs
📉 Candle Signal: Long upper wick shows selling pressure at resistance
🔁 Volume: Spike confirms strong interest, supports uptrend
⚖️ Order Book: 58.58% ask-side dominance = short-term selling pressure
📊 Trend: Strong uptrend with explosive breakout from $2,200
⛔ Resistance Zone: $2,600–$2,612
✅ Support Zone: $2,400–$2,450
⏳ Entry Idea: Buy on dip near $2,440 with confirmation
🛑 Stop Loss: Below $2,360
🎯 Target 1: $2,600
🎯 Target 2: $2,700+ if momentum continues
⚠️ Caution: Failure to hold $2,400 could trigger deeper retrace
