Ethereum’s Retail Long Surge Raises Bull Trap Concerns

Recent data indicates a surge in Ethereum (ETH) retail longs, reaching a remarkable 94%. This high percentage, often seen as a contrarian indicator of bullish sentiment, has sparked debate about whether this momentum will translate into sustained growth or if it could be indicative of a classic bull trap. Despite the recent price bounce and an ETH rally to $4,500, the altcoin continues to struggle for clear directional momentum after last week’s flash crash.