September Bear Trap Fit Set Ethereum Up for Uptober Rally
Ethereum price drop from e peak wey e get for August wey near $4,950 come drop enter below $4,300 as traders dey collect dia profit. Technical indicators show say dis pullback fit form one classic head-and-shoulders pattern for September — one kind bear trap fit dey there. Analyst Johnny Woo talk say if Ethereum hold above di key support zone of $3,800–$4,100, e fit cancel the bearish setup and e fit start one “Uptober” rally. Other traders like Hardy and Axel BitBlaze highlight bullish patterns like double pumps and cup-and-handle pattern. History chart signals show say similar reversals don cause strong upside movements before. If e break above $5,000, e fit start new upward trend. Traders suppose watch the support level plus pattern confirmation for entry signals.
Bullish
De analysis dey point to likely bullish outcome. De potential head-and-shoulders setup fit be bear trap if Ethereum hold above di $3,800–$4,100 support zone. Historical example show say invalid bearish pattern dem dey trigger strong reversal. Combine am with cup-and-handle formations plus double-pump signals wey traders highlight, breakout above $5,000 fit happen for October (“Uptober”). For short term, traders fit enter on dips near support. For long term, sustained rally fit restore bullish momentum and bring fresh buyers interest.