ETH Breakout or Bull Trap? Ethereum Eyes New Heights
Ethereum ($ETH ) has shaken off its long-term range, powering past the $2,500 resistance zone and grabbing traders’ attention across the globe. The recent rally is fueled by:
• ETF anticipation driving institutional inflows
• DeFi revival with TVL climbing steadily
• Network upgrades boosting long-term sentiment
But not everyone’s convinced. Some analysts warn of a possible bull trap, citing overbought conditions and resistance zones stacked between $2,550–$2,600.
Is this the beginning of Ethereum’s climb to $3K, or are we due for a healthy correction?
