$ETH 📈 Ethereum Eyes $3K After Breakout Retest
ETH just confirmed a successful retest of its recent range-high breakout. Today’s price action shows a clean bounce off the breakout zone — and notably, Ethereum is trading on higher volume than Bitcoin.
⚠️ Volatility Still in Play
The main obstacle on the path to $3,000 is the high open interest in ETH options, combined with a strong bias toward call options. This setup could trigger some volatility and shakeouts in the short term.
🎯 Patience May Pay Off
If Ethereum holds strong and absorbs the expected chop around this level, the breakout has real potential to extend toward $3K. Traders who stay patient through the noise may be rewarded.
📊 Want a deeper dive into ETH’s option flows or chart setups? Let me know!
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