Ethereum Price Correction: ‘Monday Trap’ Pattern Threatens Leveraged Traders

Ethereum has experienced a sharp pullback from its all-time high above $4,900, now trading around $4,520 after hitting the notable milestone. This correction has raised concerns among analysts, who warn of a recurring ‘Monday Trap’ pattern in leveraged trades. These patterns have historically exposed traders to significant risks as weekend optimism often leads to vulnerable positions during Monday’s higher-volume sessions, fueling sudden price reversals.