$ETH has finally broken out above its $2.8K resistance level.
This level has capped price for a long time and has been respected very well on both sides over the past ~2 years.
Now it is trading above this level, I would not want to see it go back below under any circumstances. A quick flush/wick and buy back up would be fine. But if this stalls here and loses the range/resistance it took so long to break, it would just mean this was a big deviation/liquidity grab.
That does mean you got a clear invalidation level to measure your risk/reward on here.
Hold $2.8K and $4K+ is on the board on the higher timeframe. Lose $2.8K and I'd start targeting the lower end of the range again.
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