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Here's how I'm reading the $ETH chart right now. 🧵
We're in a recovery from the recent dip. Expect a few days of slow upward movement.
The destination? $2,000.
A major psychological resistance level that will decide everything.
Scenario 1: Clean break above $2,000 ✅
Bullish signal. Momentum builds. Higher targets come into play.
Scenario 2: Rejection at $2,000 ❌
No follow through. Expect another leg down. Prepare accordingly.
Scenario 3: Bull Trap ⚠️
The most dangerous. Price breaks $2,000, triggers FOMO, then reverses. This is how the market shakes out late buyers.
The market is deliberately tricky at these levels.
Position early. Set your exit before emotions take over.
Thats what I see on my charts. Now you just have to prepare for the scenario.