Today, after ETH surged to $2734, it suddenly hit the brakes, just one step away from its historical high. On the surface, it seems like it's "tired of rising", but in reality, it's all a trap!

Deconstruction of Three Key Signals
Technical analysis is playing tricks.
The daily line surged 58%, from 2496 to 2734, but it didn't even touch the upper edge of the BOLL line, which is clearly controlled by the big players.
The MACD green bars are stretching out, looking like it’s about to rise significantly, but the DIF and DEA lines are still below water, indicating that this is just a short-term rebound, and the long-term trend has not reversed at all, just fooling retail investors into buying in!
Abnormal capital flow
The contract funding rate is 0.01%, indicating that large holders are hesitant to continue going long.
On-chain data confirms: In the past 4 hours, the inflow of ETH to exchanges surged by 12%, indicating that large holders are placing sell orders around $2730, waiting to reap the profits from the following retail investors.
Sun is causing trouble
Sun brought in $150 million to create "Trump Coin" to siphon off the crypto circle, with all the funds going to speculate on worthless coins, draining the ETH ecosystem, which naturally cannot rise.
Retail Investor Psychological Warfare
The previous high of 2800 dollars feels like a curse; the closer we get, the heavier the selling pressure. Now most people are thinking, "It's about time to rise to this point, let's hurry and run!" As a result, a collective sell-off forms a pressure wall, and the whales are happy to pull up while withdrawing.
The next two scenarios
Price rise trap: Stabilize at $2750 and turn the funding rate positive → False breakout to lure in retail investors for a high buy before crashing.
Plunge script: Break below $2650 and continued capital outflow → Directly drop to $2550 to find support, blowing up leveraged long positions.
Personal warning: Don't be fooled by the "healthy pullback"! This wave of ETH is clearly orchestrated by the manipulators, using buy orders with the left hand to create a false sense of rise, while preparing to run away with sell orders in the right hand.
Remember, in a bull market, bookmakers are more afraid of going short than retail investors - what they lack is not money, but takers!

#Bitcoin Pizza Day#