ETH Price Fakeout Could Spark Surprise $5K Rally
Ethereum's recent price action hints at a bullish fakeout that could lead to a run back to $5K, supported by a strong OBV trendline.
- Ethereum shows signs of a bullish fakeout before major rally.
- OBV trendline is holding, signaling strong accumulation.
- $5K target comes back into play if breakout confirms.
Ethereum ($ETH) is showing signs of a move that could catch even the most optimistic bulls off guard. What looks like a bearish pullback might actually be a classic fakeout — a deceptive drop in price just before a strong rally. And this time, technical indicators suggest a return to the $5,000 level is on the cards.
OBV Trendline Hints at Accumulation
One of the most telling signs of this potential move is the On-Balance Volume (OBV) indicator. Despite Ethereum’s recent volatility, the OBV has continued to hold a key trendline — a sign that accumulation is quietly happening behind the scenes.
This means while prices may seem weak on the surface, large players are still buying. Holding this trendline could be the technical foundation for the next big rally.
Why This Fakeout Matters
Fakeouts are common in crypto, often shaking out weak hands before a major move. What makes this one stand out is how convincing it looks. Many traders may expect a breakdown — but if ETH holds these levels and pushes higher, the surprise factor could add fuel to the rally.
With market sentiment still recovering and Ethereum’s fundamentals strong (especially ahead of upgrades and ETF discussions), this setup could be the perfect storm for a run back to the $5K mark.
What’s Next for ETH?
If Ethereum breaks above key resistance zones while keeping OBV on its side, the momentum could shift rapidly. A confirmed breakout might flip sentiment fast, turning fakeout fears into FOMO.
For traders and investors, this could be the time to pay close attention. ETH’s resilience here might not just be a bounce — it could be the start of something much bigger.
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