Just of yesterday I have seen a strong move of the ethereum gaining about 10 percent from the previous price and I was triggered to know if the bull about to kick off.
What do you smells from it?
It does seem like you are only looking at the Ethereum price from a small time scale. If you look at the daily price chat for Ethereum price, you would realize that this small pump was since Friday 21, Oct about 7 days ago with like 27% pump but we are actually going down since yesterday 27 Oct.
and this is normal even in a bear market if you zoom out you would notice that a similar incident has happened since the beginning of this downtrend.
I think that we are still in a bear market phase, and little by little the market can recover soon.
Didn't expect that the BTC will go pump up hitting $21k but my speculation is that it will go reach below $20k and then go pump again.
It might not be soon as most are expecting, that is why with every little correction upward of the Bitcoin price most people will think that the market is going into a Bull season. We could see the market trading between the last low of $17k to $21k, which could be the range for some time or could even drop below. Just understand that the market will indeed reverse, but I don't think that will be soon.