‍Ether Faces Potential 'Bear Trap' Amidst September Correction

Analysts suggest Ether (ETH) may be experiencing a "bear trap," with a potential correction in September followed by a strong rebound in October, possibly reaching new all-time highs. This scenario mirrors patterns seen in September 2021.

While technical indicators point to potential support levels around $3,350, some experts emphasize focusing on fundamental analysis, citing macro events and Ethereum's role in stablecoin growth and regulatory clarity as key long-term drivers.

Key takeaways:

- Potential short-term volatility and price dips.

- 'Bear trap' scenario could lead to an October recovery.

- Historical precedents suggest such patterns can occur.

- Fundamental strength of Ethereum remains a long-term driver.

https://cryptovka.ru/en/news/4372/the-great-ether-bear-trap-analysts-predict-a-shocking-reversal