Ether might just pull the ultimate prank on crypto bears next month-like that friend who promises to “help you move” but eats all your pizza instead. September could bring a correction so juicy, it might be completely “invalidated” by October. 🍕📉
“It might look bearish at first, but if it plays out, it could be the biggest bear trap I’ve ever seen,” said full-time crypto trader and analyst Johnny Woo on Monday, probably while sipping coffee and shaking his head at all the panic tweets.
He warned that charts might cook up a classic head-and-shoulders pattern in September just to spook everyone, only to pull the rug in “Uptober.” Result? Paper-handed traders get scared, buy high, and cry into their portfolios. 💀📈
“We’ve seen this before plenty of times, so it’s definitely possible,” he added, like a seasoned wizard who knows exactly which way the crypto broomstick flies.
The plan? ETH dips to support around $3,350 in September, bounces back in October, and then-brace yourself-soars to a new all-time high in November. Something eerily similar happened in September 2021 when ETH plummeted 30% from $3,950 to $2,750 before bouncing back to strut all-time high glory in November. 🎢
Bears Beware: Another Analyst Chimes In
Trader “Daan Crypto Trades” backed the bear trap theory on X, saying ETH’s been “chopping everyone up” while consolidating between $4,300 and $4,500-basically like a financial blender. 🥴
He added that retesting the range lows and four-hour 200 moving average around $4,160 would be “an interesting spot,” which is code for “hold onto your hats.”
Fundamentals, People!
Henrik Andersson from Apollo Capital wasn’t buying the spooky chart stories. “It’s generally smarter to focus on fundamentals rather than relying on historical patterns that may or may not be haunted,” he told CryptoMoon.
“While past trends can sometimes offer insights, they shouldn’t be the primary basis for making predictions about market movements, especially in a dynamic and evolving space like cryptocurrency.”
OKX Singapore CEO Gracie Lin added that macro events like US jobs data and the Fed’s rate decision might shake things up in the short term, but long-term growth is all about stablecoins, regulations, and Ethereum connecting the dots-basically, the boring adult stuff that actually matters. 🧐
ETH Still Sneaking Back
ETH is still on a little retreat, down 1% in the past 24 hours, hitting an intraday low of $4,238 before crawling back to $4,374. It’s down 11.7% from its all-time high, which-let’s be honest-isn’t exactly a horror story compared to previous Septembers. 🐢💸
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2025-09-02 09:29