Ethereum dead cat bounces for play? This is what the chart says

Ethereum (ETH) has increased 9.19% over the past seven days as assets remained stable above the $4,000 level. The rise has sparked bullish sentiment in the Ethereum community as investors expect a surge to $5,000.

Analysts warn “dead cat bouncing” at Ethereum

However, Mikybullcrypto, a crypto trader for X, I’ll keep it Ethereum “dead cat bouncing” is at play, which could potentially catch bulls. To be clear, a dead cat bounce refers to a short period of recovery of assets when prices rise slightly after a significant decrease. In particular, assets will reverse the rise and continue their previous downward trend.

Mikybullcrypto suggests that current price upward movements are short-lived and could potentially trap bullish investors in their assets. He argued that now that investors buying ETH are expected to have a further price surge, they could suffer a loss if it falls short.

Analyst relies on the TradingView chart, highlighting that Ethereum has been on the descending path since July 2025 when the price was around $3,500. He uses this as the baseline price for Ethereum, claiming that a massive dump can be seen dropping the coin from its current level.

At the time of reporting, Ethereum is change The $4,389.30 hand represents a 5.42% increase over the last 24 hours. ETH had previously traded at a peak of $4,423.12 before slipping as a result of market volatility. Within the same time frame, trading volumes have increased by up to 40.32% to $51.34 billion.

Market outlook suggests a solid recovery for Ethereum. Therefore, community members respond skeptically to Mikybullcrypto’s analysis. Users say the current setup looks like a bear trap rather than a bull trap, meaning Ethereum is likely to continue its upward momentum.

Ethereum Outlook, Bull Trap or Bear Trap?

Interestingly Ethereum whalewithin this period, the movement of accumulation was strengthened.

When the price fell below the significant level of $4,000, these large holders received 431,018 ETH, valued at over $1.73 billion from different exchanges. This was considered a bullish movement as the flow direction moved from exchange to wallet signal stacking.

However, 48 hours ago, an unknown wallet transferred 198,289 ETH for around $852 million worth of it. Crypto Futures Exchange. At the time of price rebound, some market watchers are treating it as an attempt to sell, but it is not specified.

As Ethereum receives a variety of forecasts from analysts, the price outlook becomes clearer over time.