$ETH will likely pump to around $4K first, then rotate into trending narratives to drive hype.
As fresh retail flows in, a sharp 20%+ drop will shake them out. Panic sets in, they sell at a loss.
Then ETH climbs again to $5K–$6K, marking the top of the bull.
The newcomers won’t have the patience to wait it out—they’ll be trapped for another 4 years.