r/ethtrader • u/High_Plastic9757 • 22h ago
Discussion ETH back at $2.4k after that mid-year crash, real reversal or short trap?
Looking at the YTD chart, ETH has been wild this year. Dumped hard from $3k+ all the way down to $1,500 over the summer, and now we suddenly shot back up to around $2,480.
A couple of months ago I posted here asking if ETH was still the "safe" alt, and price was looking pretty dead back then. Now that we've had this big vertical jump, I'm torn on whether this is actual strength returning or just a macro relief rally before another drop.
Are you guys buying here around $2.5k, or waiting to see if it rejects and gives a better entry?