Ethereum and Bitcoin Price Surge, But Is It A Bull Trap? Crypto Experts Analysis

Ethereum (ETH), Bitcoin (BTC), and most of the top 10 coins have already surpassed the previous resistances and are currently doing pretty well. Although most of these coins have pulled, they have increased by double digits over the last few hours. Bitgert (BRISE) and Centcex (CENX) are also doing well in the market today.

But is this a bull trap? Well, crypto experts say it is still early to say this is a bull run. This is because the surge was created by the recent comment that inflation measures might be relaxed as the level of inflation stabilizes.

The comment triggered massive buying pressure not only in the crypto market but also in the entire stock market. That's why Ethereum and Bitcoin prices started surging late yesterday. However, as of this writing, Ethereum and Bitcoin prices have been pulling back, and most of the gains made yesterday have been lost.

According to the crypto expert's analysis, this might be a bull trap. The reason is this surge has been triggered by the perception and the actual drivers of the market value, like the adoption rate.

Therefore, there are no real drivers for this growth. Therefore, immediate investors start taking profits, and Ethereum and Bitcoin prices will just start plummeting. Therefore, this price spike is not sustainable, and that's why crypto analysts believe it could be a bull trap.

However, if FED is going to relax the inflation measures, then we are looking at a vibrant market for the next few months where the selling shocks will be minimal. The price growth for the mooning crypto assets like Centcex (CENX) and Bitgert (BRISE) and is also expected to do well in the next few weeks.

Bitgert (BRISE) and Centcex (CENX) Will Remain Vibrant

Bitgert and Centcex price performances were not majorly affected by yesterday's spike because the growing number of these coins has been doing quite well over the last few weeks. If you check the Coinmarketcap charts, you will find out that these coins have been green this year, when Bitcoin and Ethereum plummeted.

The Bitgert (BRISE) and Centcex (CENX) price surges have been majorly driven by the massive adoption of their products and projects. This is expected to remain as more products and projects launch on the Bitgert and Centcex ecosystems.

Therefore, we can expect Bitgert (BRISE0 and Centcex (CENX) to remain some of the best-performing coins in the market as Bitcoin and Ethereum pull back to stable prices.