🧐 ETH’s 3rd Attempt at Key Resistance — Breakout or Bull Trap?
$ETH — $3,544.77 (-1.7%)
Ethereum ($ETH) is once again testing a critical resistance zone — the same level that rejected it twice before.
📊 Current Price:
Spot: $3,544.77
Perp: $3,543.39
This is attempt #3, and we all know what that can mean:
Breakout = Range Over ➡️ Price Discovery begins
Rejection = Bull Trap ➡️ Sharp Pullback
🧠 Historically, Ethereum has struggled to close decisively above this level, leading to fast liquidations and downward spirals. But this time, the momentum seems stronger — volume’s building, and macro sentiment is cautiously bullish.
🔥 What to Watch:
4H & Daily candle closes
Break and hold above ~$3,560–3,600
Invalidation below ~$3,480
📌 TLDR:
ETH is at a make-or-break zone. Breakout traders might feast — but fakeouts can hurt. The next few candles could decide ETH’s short-term future.
👀 Are you buying the breakout… or waiting for confirmation?
Drop your thoughts👇$ETH