Ethereum Rockets 44% in May—Real Breakout or Another Crypto Mirage?

Ethereum just pulled off its best month since the last bull run, surging 44% while Wall Street analysts scramble to adjust their charts. But is this the real deal—or just another ’number go up’ illusion before the rug pull?

The rally comes as institutional money floods into ETH ETFs, with BlackRock’s spot ETF approval acting like rocket fuel. Meanwhile, retail traders are FOMO-ing back in—because nothing teaches financial caution like watching your neighbor’s Lambo purchase.

Technical indicators scream ’overbought,’ but since when has that stopped crypto? The real test comes at $4,200 resistance—break that, and we’re likely racing toward all-time highs. Fail, and well... enjoy those leveraged long liquidations.

One thing’s certain: the ’ETH is obsolete’ crowd just got quieter. Unless of course this is another ’greater fool’ rally—in which case the exit liquidity is now you.