$ETH pumped after clearing the lower side liquidity and is now trading above $6,000. Now there are two possibilities.
First,
This is a classic bull trap designed to lure long positions before dumping again. A small push higher might come, but the market could turn south right after.
Secondly,
It might actually be starting to recover from the recent geopolitical and economic pressures. But honestly, the first scenario seems more likely right now.
Market direction is still unclear. Expect fake moves in both directions meant to trap over-leveraged traders.
In this kind of uncertainty:
Use small position sizes.
As I mentioned before, it's a good time to accumulate spot positions slowly.
Don’t get baited into the traps!
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