Ethereum Hits $3,833 After Breakout with $4,400 Next on The

Ethereum Bull Trap: Breakout or Fakeout?

Ethereum price jumped over 180% between April 9 to July 25, reaching a high of $3,945. The main bullish catalyst was the Ethereum Pectra Update. Also, heavy buying by institutions drove open interest above $8 billion. The bullish surge was well covered by the community and caused FOMO among the retail traders. Traders bought at the resistance. They hoped for a clear breakout. But it was an Ethereum bull trap – or it still is? The process of unde…

Ethereum Hits $3,833 After Breakout with $4,400 Next on the

ETH climbed from below $2,000 and now trades at $3,833 as it tests the $4,400 resistance line again.  The weekly chart shows a breakout from the downtrend and price moving upward with strong momentum.  If Ethereum closes above $4,400 it could mark the first break above this zone in over 18 months. Ethereum (ETH) has reached $3,833.25 after a sharp weekly rally, now testing a key horizontal resistance near the $4,400 level. The current chart show…

ETH Tests EMA-200 – Breakout of 0.236 or a Bull Trap?

ETH tests EMA-200 – breakout of 0.236 or a bull trap? Should we expect a reversal, or will a new wave of decline begin?Overall ETH Price StructureWe are observing ETH in a downtrend trading within a short-term descending structure, forming a local high at $3,945 followed by a corr