ETH back over $2,000 for first time since May 25

Pleasantly surprised to wake up to ETH being back over $2,000. Feels like it’s been forever but according to CMC data it was last over that mark at 12am on May 25th, so a little less than 3 months ago.

Is it just pumping because of the upcoming merge or is this the start of the next crypto rally? I tend to think this is a bit of a bull trap/bear rally, whatever you want to call it.

My reason being for that is because the last couple major bull runs for crypto had a lot to do with high levels of cheap liquidity coming into the crypto markets (stimulus checks, very low borrowing rates, etc.). We don’t have these economic conditions in play currently.

My plan is to continue buying on dips as I see them (mainly BTC and ETH, 80% of my portfolio) but not going in heavy now and saving more dry powder to wait on the next dips back towards the $1,500 range. Good luck to all!