Ethereum has surged toward the $2,300 level, generating short-term excitement among traders. The price advance appears promising on the surface, but carries a familiar pattern of unsustainable momentum.   Sustained bearishness among key investor cohorts threatens to reverse recent gains before ETH can establish a durable breakout above critical resistance levels. Ethereum Holders Are Selling ETH HODL Caves data reveals that holders under one month have recorded profits of approximately 3x their initial investment