Ethereum's High-Volatility Trend: A Breakout or a Bull Trap?

Ethereum has been experiencing high volatility in recent times, with its price fluctuating wildly between euphoric highs and panic lows. This trend has left traders and investors wondering what the future holds for the cryptocurrency.

One possible outcome is that Ethereum breaks out of its current trend and continues to rise, potentially setting a new all-time high. However, this scenario comes with significant risks, including the possibility of a brutal liquidation hunt that leaves late longs rekt.

On the other hand, if Ethereum fails to break through its current resistance, it may enter a grinding range that punishes impatient traders. This could be a bearish sign for Ethereum's price, potentially leading to a prolonged period of sideways trading.