Ethereum Hits $4.9K Bullish Key – So Why Aren’t Traders Cashing In?
Ethereum’s price surge has traders buzzing—yet profits remain elusive. The $4.9K resistance level looms like a mirage in a desert of sideways action.
The Bullish Signal No One’s Trusting
ETH’s latest pump has all the hallmarks of a breakout: volume spikes, whale accumulation, even a cheeky nod from crypto Twitter. But where’s the follow-through? Retail’s still nursing PTSD from the last ‘sure thing.’
Institutional Games
Meanwhile, Wall Street’s quant bots execute precision trades at 3 AM—because nothing says ‘decentralized’ like algos front-running your limit orders. The $4.9K key? Just another line on their spreadsheets.
The Cynic’s Take
If history repeats, this ‘bullish key’ will unlock… another opportunity for VCs to dump on retail. Happy trading!
Ethereum is in the news again as it's heading back to its March 2024 high of $3.98K, but the difference is despite ethereum price surge, holders are not seeing an increase in profit. This suggests that profit... Read More
