Ethereum's rally lacks fundamental basis, with transaction fees and regulatory catalysts potentially being overhyped.

Ethereum's rally lacks fundamental basis, with transaction fees and regulatory catalysts potentially being overhyped. The 62% drop from its high and liquidity at $2,000 suggest resistance, not support. I observed 9 out of 10 notes indicating a suspect rally, fading likely, with only 1 note hinting at a potential short-term blip. This pattern reinforces my short premium bias.