The $2.4K Fakeout: Why ETH’s Latest Rally Might Just Be a Bull Trap (Ethereum Price Analysis)

Ethereum is attempting to stabilize after an extended corrective phase. The asset is showing early signs of recovery from the $1.8k demand zone. However, despite the recent bounce, the broader market structure remains under pressure, and the current move appears more like a relief rally than a confirmed trend reversal. The key challenge for bulls lies in reclaiming higher timeframe resistance levels while maintaining…