New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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Your fa
Ethereum’s Rally: A Temporary High or a Trap?
$ETH had an impressive surge yesterday, igniting excitement across the crypto market. Enthusiasm was at an all-time high, with many convinced that the bottom was in and a major breakout was just around the corner. But let’s take a step back—has the overall market structure truly shifted?
Looking at the bigger picture, this rally appears to be nothing more than a temporary push. Over the next week, the price may simply retrace back to where it started. From a weekly perspective, trading volume has been declining, signaling that major players are pulling out funds rather than accumulating. Many retail traders are holding on, expecting prices to soar past $2,600, but the reality is different. Without a consolidation phase lasting at least two to three months—characterized by sideways movement, corrections, and market resets—Ethereum is unlikely to sustain any meaningful rally.
Breaking past $2,100 may be nothing more than a final push before the market cools down. Instead of diving in at these levels, it’s wise to take a cautious approach. The ideal accumulation zone lies between $1,800 and $1,600, while slow accumulation around $1,950 can also be considered. Right now, blindly chasing highs is a risky move—especially in Ethereum’s current market conditions. Patience will be rewarded, but impulsive buying at inflated prices could lead to losses.
Trade here on $ETH
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