In November 2021, when Bitcoin (BTC) touched $60,000, Ethereum (ETH) was around $4,800, marking its all-time high (ATH). Fast forward to today, and BTC has reached $120,000+, but ETH still hasn’t been able to reach its previous ATH. Instead, there seems to be an illusion created that only Ethereum is moving up.

Here’s the reality:

Many are being lured into buying ETH above $4,000 with the assumption that it will soon surpass its ATH, especially as BTC has doubled its price. The perception is that ETH will continue its rally, but this can be a classic market trap.

What’s happening?

BTC's growth has already pushed the market to higher levels, but ETH lagging behind is creating a false sense of momentum in ETH’s price action.

Some holders who bought ETH above $4,000 may soon exit as soon as ETH reaches a certain price point, and when they sell, ETH's price may drop drastically, dragging down the market, including BTC.

It might be an illusion being created, and to get trapped into believing that ETH's rally is guaranteed, especially when its ATH remains so distant while BTC continues to rise. The market is highly volatile, and we could be seeing a scenario where both BTC and ETH experience a sharp pullback.#ETHBreaks4000 #BTCUnbound #ath