Ethereum Market Insight: The Bear Trap Narrative
This divergence between short-term bearishness and medium-to-long-term bullishness created the textbook conditions for a bear trap, where aggressive sellers push price down only to face a swift reversal as stronger hands accumulate at discount levels. Our analysis yesterday correctly anticipated sideways consolidation as price would catch up to faster moving averages before resuming its uptrend, and today's action validates that thesis perfectly.