Ethereum bulls are currently holding an optimistic outlook. They believe that the recent market volatility is not a true sign of decline but may be building momentum for a price surge toward the $5000 level. Experienced traders analyzing chart patterns point out that these frequent fluctuations often represent a classic trap setup designed to mislead short-term participants and shake out weak positions. Historical experience shows that similar patterns have repeatedly appeared during multiple bull markets, often indicating an imminent significant breakout.

Regarding market sentiment, despite short-term uncertainties, the bullish atmosphere is gradually warming. Continuous institutional investment, progress in Ethereum 2.0 upgrades, and expansion of the DeFi ecosystem all support long-term value. Technical indicators show that key support levels remain solid, while repeated tests of resistance zones may be preparing for an upward breakout.

From a cyclical perspective, Ethereum's current movement closely resembles patterns seen before major market rallies in the past. Fake breakouts are not uncommon at this stage and often accompany adjustments in position structures and strategic placements by major funds. If the market can hold the current range and establish effective support, further upside potential is worth期待. Of course, investors should remain attentive to macroeconomic changes and regulatory developments to mitigate potential risks. Overall, the bullish conviction is based on both technical and fundamental logic, believing that the volatility is merely a necessary prelude to a market explosion.