Ethereum’s price recovers from 3,000 USD despite ETF withdrawals: Are ETH investors at risk of a trap?

Ethereum’s price has bounced back from 3,000 USD despite recent ETF outflows. While traders seem optimistic, potential risks of a bull trap are highlighted due to the current market trends.

Whale activities show capitulation instead of accumulation, increasing pressure on Ethereum’s price. Additionally, the lack of significant recoveries raises concerns about future momentum.