Ethereum Bear Trap or Long-Term Decline — Analysts Provide an Answer

Ethereum’s latest decline may not signal the start of a long-term downtrend. According to multiple analysts, it could instead be a classic bear trap — an opportunity for strategic accumulation before the next rally.

Michaël van de Poppe, founder of MN Trading Capital, said on X (formerly Twitter) that Ethereum’s pullback was “little deeper than expected,” but still a great area to accumulate positions.”

Source: X

Over the past week, Ethereum (ETH) has dropped 13%, reaching a low of $3,057 on November 4, its weakest level in weeks. Yet, many traders see the correction as a setup for recovery rather than a sign of weakness.

Crypto trader Ash Crypto described the move as “a massive bear trap,” expressing confidence that Ethereum could reach $5,000 by the end of the year.

Source: X

Just a month earlier, on October 7, Ethereum was trading close to $5,000, and market sentiment now suggests it could soon return to that level.

You are about to witness one of the greatest reversals we have ever seen,” said crypto trader Gordon, reflecting the growing optimism among analysts and investors alike.

Source: X

Social signals point to renewed optimism

Market sentiment indicators show a shift toward positivity. According to data from Santiment, bullish comments surged on social media after Ethereum briefly rebounded toward $3,500 on November 6.

Traders are bullish on Ethereum. Source: Santiment

This rise in optimism came even as the broader crypto market remained subdued. Analysts believe this divergence indicates renewed investor confidence in Ethereum’s resilience.

Despite short-term volatility, most experts maintain that current levels are attractive for long-term accumulation. Technical and on-chain factors suggest that Ethereum may be gearing up for a significant recovery, with traders closely watching for confirmation of a bullish breakout in the coming weeks.