Ethereum Surpasses $4,000 : A Fragile Performance ?
Over the past 7 days, Ethereum (ETH) price has surged by more than 9%, reaching a peak of $4,423 before slightly pulling back. This bullish movement temporarily reassured markets, with transaction volume increasing significantly.
However, technical analysis suggests that this rise might only be an artificial bounce in a structurally bearish context. Crypto analyst MikybullCrypto warns about a possible “dead cat bounce” – a bull trap likely to cause significant losses.
Beware of False Recovery Signals
According to MikybullCrypto, Ethereum’s price action remains anchored in a bearish trend since July 2025, with a local top spotted around $3,500. This level now serves as a reference point to evaluate the potential magnitude of a new correction.
“A major Ethereum dump is technically imminent. This current bounce is nothing but a trap.”
Despite these concerns, certain fundamental signals remain encouraging. Whale activity on the Ethereum network suggests that several major players continue to accumulate tokens. However, at the same time, an unknown address transferred 198,289 ETH (approx. $852 million) to a crypto derivatives platform, a potential selling signal.
Ethereum Rise : Beginning of a Bull Cycle or Flash in the Pan ?
The central question dividing the English-speaking crypto community revolves around the very nature of this rise : is it an ephemeral technical bounce (dead cat bounce) or a sustainable recovery toward all-time highs ?
Three scenarios are possible :
- Bearish rejection : if the dead cat bounce is confirmed, ETH could fall back toward $3,800 or even $3,500.
- Accumulation phase : token concentration by whales could signal a market bottom and prepare for a bullish impulse.
- Bullish recovery : a breakthrough and maintenance above $4,500 would strengthen the scenario of Ethereum heading toward $5,000.
Facing this volatility, strategic caution is essential for both institutional and retail investors. Our recommendations :
- Closely monitor key technical levels ($3,500, $4,000, $4,300, $4,500)
- Observe whale movements using tools like Nansen or Glassnode
- Wait for trend confirmation before any significant entry
