ETH: 3rd Attempt at Resistance — Breakout or Bull Trap?

👉 Current Level:

Ethereum is back at a major resistance zone — around $3,550 — which has rejected price twice already. So far, $ETH has been stuck in a range, but if this breakout sticks, we could finally see price discovery kick in.

👉 Risk Factor:

But if history repeats itself, this third attempt might just be the ultimate bull trap — trapping weak longs before a sharp sell-off. This is exactly the kind of level where big players love to hunt liquidity.

👉 What I’m Watching:

The next 4H close or daily candle is crucial. If we see strong volume and a clean retest, the breakout could be real. But if there’s a quick rejection or wick, it could turn into a classic fakeout and dump.

✅ My Bias:

Personally, I won’t go aggressive without confirmation. If $ETH

$ETH holds above $3,600, I’ll trust the breakout. If not, I’ll stay cautious — fakeouts at these levels are expensive lessons.

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