$ETH /USDT – Breakout or Bull Trap? Watch Closely!

Ethereum is attempting a minor recovery around $2,604 after reclaiming the local support zone shown in the chart. This bounce comes after testing the $2,547 low, suggesting a potential reversal pattern forming on the 15-min chart. However, the price is struggling to break above immediate resistance near $2,610–$2,615. A clean breakout above this range with volume could trigger a strong bullish move.

If bulls hold this support, the setup favors a short-term upside move toward the $2,686 zone. However, failure to hold above $2,600 could drag ETH back to retest the $2,574 support. Keep a close eye on momentum and volume as the breakout level approaches.

Trade Setup:

Entry: $2,600 – $2,610

TP1: $2,650

TP2: $2,686

SL: $2,574

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