Ethereum flips SuperTrend to Buy, tests $2,200–$2,400; traders flag bull trap risk

Ethereum broke above $2,200 and printed seven daily green candles. The SuperTrend turned Buy for the first time in six months, hinting at a trend reversal. Some analysts warn of a bull trap near $2,400.

ETH hit a one‑month high near $2,320 after a 20% weekly bounce and seven straight green candles in the daily chart, as tracked by NewsBTC’s coverage of ETH’s streak of green closes on the daily timeframe.

Market watcher MacroCRG called ETH the strongest of the big three — Bitcoin, Ethereum, and Solana — citing weekly and daily gains of about 9.7% and 14.5% in an X post.

Analyst Ali Martinez said the SuperTrend flipped from Sell to Buy for the first time since September, flagging a potential end to the downtrend and pointing to rising institutional interest, including BlackRock’s staked ETH ETF debut covered by NewsBTC. He noted the last two SuperTrend Buy signals preceded 52% and 174% rallies, with the latter run-up into ETH’s August ATH.

Ted Pillows said reclaiming $2,150 leaves “not much resistance” until $2,400 on X, but warned the push could be short‑lived amid broader market swings tracked by NewsBTC.

He outlined two liquidity clusters and a possible path: first a run to $2,400 to squeeze late shorts, then a reversal toward new lows, with clusters at $2,200–$2,600 and $1,400–$1,700 in his follow‑up post.

Key levels cited by analysts: $2,400 and $2,600 on the upside; a potential revisit of lower range liquidity if a reversal triggers.