Yes, pumps that occur in Ethereum are like traps. If this is a trap, there must be many people who have entered it. But we also have to think positively because it makes a good impact. Currently, the market is getting crowded and investors are starting to get excited again to invest.
the pump will occur when there is good news in the world of ethereum, whereas if there is no good news then it will not be possible so you should not be too happy first when there is no good news because it will not guarantee a price increase.
There's a lot of good news actually but not all of them has been a reason for a price pump.
News is only use now to pump the price temporarily and that happens because this market is still manipulated, and in the first place we already know that it's a trap for people to buy because eventually ETH will fall down again, the trend has been consistently working, it's still a pump and dump game now.
I recently check the price in coinmarketcap: $127.56.
So it's currently down, but to fair it seems that all the top 10 is having a hard time start of this week, bitcoin goes back to $37++ after a strong $38++ price in the last 4-5 days.
And there's not even a negative news that will pull the market price today, very surprisingly. Anyways, ETH is still in the second spot, maybe we need to wait for a couple of days to understand what happens this first week of March.
It is necessary to look at later dates, because it is unlikely that something can change significantly in the near future, the crypto currency is still weak and it is not right to expect growth from it