$ETH

Ethereum Just Shocked the Market — But Is the Bull Run Just Beginning?

In just 48 hours, Ethereum (ETH) pulled off a jaw-dropping 29% rally — shaking off a 10-week downtrend and liquidating over $400M in short positions. Sounds like the bulls are back, right? 🚀

Not so fast. ⚠️

Despite the pump, sentiment's still cautious. Futures premiums are under 5%, and ETH spot ETFs just saw 3 straight days of outflows — including $16M on May 8 alone. 📉

But here’s the twist: ETH still dominates with $64B locked in DeFi. Layer-2 upgrades are scaling fast. And even Trump’s backing ETH for a U.S. crypto reserve now? 👀

So… is this the real breakout — or just a fake-out?

Drop your take below — bullish, bearish, or just watching? ⬇️