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David Pokima

Ethereum Rejected at $2,160 Resistance as Analysts Debate Bull Trap Risk for ETH USD

Ethereum briefly tested the $2,160 resistance before retreating below $2,100, with ETH trading near $2,080 after a volatile move. Technical analysts are watching the $2,000 support and the inverse Head and Shoulders setup, while on-chain data shows long-term holders accumulated over 252,000 ETH in February 2026. Some commentators warn of a potential bull trap and see downside risk toward the $1,320–$1,345 zone if key levels fail, unless bulls can secure a weekly close above $2,300.
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