just broke above the $6,000 mark after sweeping liquidity below the $5.7k zone. While the move looks bullish on the surface, don’t get too comfortable just yet.
Two scenarios are playing out:
1. Bull trap in progress
This breakout might just be a classic liquidity hunt — a setup to lure in long positions before a sharper drop. Market makers love faking strength before reversing, and with funding rates heating up, the chances of a downside move are real.
2. Recovery underway
On the flip side, this could be the start of ETH stabilizing after the recent macro chaos — including geopolitical tension and inflation fears. However, this narrative seems weaker for now.
📉 Market remains indecisive
We're likely to see more fake pumps and dumps in the short term to trap both sides. Don't try to outsmart every move — let the market reveal its hand.
⚠️ Tips in this environment:
Keep leverage low
Size small
Consider spot entries for long-term bags
Avoid emotional trades — the market loves punishing impatience
As always, don’t fall for the traps — stay smart, stay safe.