ETH MAXI

Ethereum price action confirms bull trap at $2,550: major support level lost

Ethereum has lost the $2,550 high time frame resistance on multiple candle closes, confirming a possible bull trap. The price now risks returning to range lows, with support sitting at $2,226.

Ethereum has reacted bearishly from a critical high time frame conflict zone near $2,550. This level had served as a key resistance in recent weeks and was briefly reclaimed before being lost again on several candle closures—a classic indication of a bull trap formation. Rejection at this HTF level carries significant implications for the coming weeks, particularly if ETH continues to trade below this pivotal zone.

All that hopium above $2,550 just to get sent back to the dungeon.

Bull trap activated. The market just rugpulled the optimism again.