Ethereum hits $2,750 as analysts debate bull trap risks

Ethereum (ETH) reached a nine-month high of approximately $2,750 despite macroeconomic headwinds, including the failure of the CLARITY Act and rising US interest rates. While some analysts view the rally as the start of a new bull cycle, others warn of a potential 'bull trap.' Market observers like DANNY and Midas suggest that the current price action could lead to a sharp reversal toward the $1,400–$1,800 range before a long-term recovery begins in 2027.