$ETH

I'm seeing a lot of hype around Ethereum’s recent surge, and it definitely grabbed the market's attention. $ETH shot up quickly, and many are already convinced that the bottom is in, thinking a major breakout is on the horizon. But before jumping to conclusions, let’s take a closer look.

From a broader perspective, this rally might just be a temporary push. Over the next week, we could see the price retrace back to where it started. On the weekly chart, I’ve noticed declining trading volume, which suggests that big players are pulling funds out instead of building positions. While retail traders are holding on with hopes of $ETH soaring past $2,600, the reality is different.