Ethereum (ETHUSD) just broke out of a tight symmetrical triangle on the 1H chart — but price is now stalling near the previous high, signaling a critical decision point.
📊 Key Technical Notes:
🔹 Triangle Breakout: Clean push above downtrend resistance, but no candle close above key high.
🔹 Previous High Acting as Resistance: Bulls need continuation to validate this move.
🔹 Two Scenarios in Play:
1️⃣ Bullish Continuation:
→ ETH breaks and holds above ~$2,865
→ Next resistance levels sit at $3,000+
2️⃣ Bearish Rejection / Fakeout:
→ Rejection from highs
→ Retest of triangle → Failure = drop toward previous low near $2,150
🎯 Risk-Reward Defined — both long and short setups are clearly outlined.
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