Technical analysis by Chetan_alpha about Symbol ETH on 7/9/2025

🔥 *ETHUSD – The Trapdoor Breakout* (*Accumulation + Fakeout + Momentum Burst*) --- 🧠 **Technical Breakdown:** ✅ **Strong horizontal support** formed around \~\$2,360 (green zone) – multiple bounces with clear accumulation signs ✅ **Clean resistance zone** at \~\$2,520 acted as a ceiling, with several failed breakout attempts (red arrows) ✅ **Fake breakout trap** occurred under support (classic bear trap), swept stop-losses before sharp reversal ✅ Price now **successfully broke the mid-resistance** with strong momentum – currently targeting the upper supply zone near **\$2,880** 💡 **Key Technical Elements:** * Classic **range accumulation** between \$2,360–\$2,520 * **Liquidity sweep + reversal** = smart money entry * **Strong breakout candle** confirms demand takeover * Immediate resistance cleared → upside continuation likely