ETH: The Bull Trap is Sprung! Target $2,170 in SightEthereum / TetherUSBINANCE:ETHUSDTLingridEthereum bulls just got a reality check. After surging toward the $2,460 handle, the price has failed to sustain the breakout and is now tumbling back into the heart of its macro structure. The Macro Context: The Volatility Monster 🛰️ Since early February, ETH has been locked inside a massive Broadening Wedge. This pattern is the ultimate "liquidity hunter"—printing higher highs and lower lows to keep both sides of the market off-balance. We just tagged the upper boundary, and history is repeating itself with a sharp rejection. The Setup: Rejection & Failed Breakout 🧩 The Fakeout: The move above $2,400 looked promising, but it lacked the volume to flip the macro resistance into support. The Red Arrow: As noted on the chart, the price met heavy institutional supply near $2,320. This rejection confirms that the "smart money" is currently distributing rather than accumulating. The Current Squeeze: We are currently seeing a small fight at the $2,260 level, but the momentum has shifted decidedly bearish. The Roadmap: Destination $2,170 🎯 Following the purple zig-zag projection, we are anticipating a structural reset: The Relief Bounce: Expect a minor "dead cat bounce" to retest the $2,300 zone. This is likely a trap for late buyers. Primary Target: A final flush down to the horizontal Support Line sitting at $2,170. Why $2,170? This level has acted as a significant pivot point throughout April and represents the next major liquidity floor where buyers are likely to step back in.