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Ethereum rallies to $2,667 then falls below $2,500, signaling a potential bearish trap ahead.

Market News
12 Sep 2026
AMBCrypto
View Source
Neutral
Ethereum rallies to $2,667 then falls below $2,500, signaling a potential bearish trap ahead.

Ethereum surged from $2,437 to $2,667 on September 11, liquidating $211 million in short positions, driven by a CPI report showing 3.4% inflation. However, the price quickly fell back below the $2,500 resistance level, suggesting the breakout was a liquidity hunt rather than a sustained move. Analysts warn this could be a bearish trap, with a possible drop toward $2,100 if the price breaks below $2,380. Traders are advised to be cautious as the bullish breakout failed to hold, indicating potential downward pressure ahead.

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