👉 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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