Ethereum’s $2.8K Breakout: The Line Between Rally and Trap

After years of tension, $ETH has finally shattered the $2.8K ceiling—a level that’s acted like a brick wall since 2022. This isn’t just another pump; it’s a critical inflection point.  

Why This Breakout Matters: 

🔹 Historical Weight: For two years, this zone rejected rallies and fueled sell-offs. Breaking it isn’t just technical—it’s psychological.  

🔹 The Risk of a Fakeout: If $ETH stalls here and slips back below $2.8K, it could signal a liquidity hunt rather than a true breakout. A quick wick below is excusable, but sustained weakness would be a red flag.  

The Trade Setup:

🔹 Bull Case: Hold $2.8K, and the path to $4K+ opens up. This is the higher-timeframe narrative bulls need.  

🔹 Bear Case: Lose $2.8K, and we’re likely revisiting the range lows. Invalidation is clear-cut—no ambiguity.  

My Take:  

This is a "show me" moment. Ethereum has the momentum, but conviction matters. Traders should watch for a decisive close above $2.8K this week. If it holds, the next leg could be explosive. If not, patience beats chasing.  

The market’s message is simple: Respect the breakout or respect the trap.  

DYOR No Financial advice!

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