Recently, ETH has been climbing from 2900 all the way up to 3149+, and many people are starting to get restless, itching to buy the dip, with some even saying the target is to hit 3500. But if you look closely at the chart, when that violent bullish candle appears on the screen, the price is actually steady around 3123—this detail is worth pondering.

The most ironic phenomenon in the market has never changed: when the price hovers around 2900, most people dismiss it as junk; but once it rises above 3100, the entire market plunges into frenzy, believing this is a once-in-a-lifetime golden opportunity. But have you ever thought about whether this is truly an opportunity or just a well-sharpened sickle?

That violent bullish candle, on the surface, looks like a rallying cry, but in reality, it’s a signal of a trap. The main players’ tactics are always like this: first, they push the price up to create frenzy among the short-sellers, then they consolidate at high levels to give a false sense of stability, making retail investors relax their vigilance, and finally, they sell their chips at a cost of 3000 at a price above 3120+. This process is called “turnover” in trading.

At this stage, the fear of missing out (FOMO) is the easiest emotion to crush rationality. But those who truly understand the market will only focus on two key levels—these are the hidden cards that the main players can never fully conceal:

**Support level 3100**: This is the main battlefield where the main players have invested real capital. Once broken, confidence will collapse, and a chain reaction will quickly follow.

**Resistance level 3500**: Historically, this level has heavy trapped positions. To truly break through, it requires massive funds and time.

The repeated fluctuations between these two levels are likely part of the main players’ process of turnover. Once the turnover is complete and the chips are redistributed, the next trend will truly unfold. Blindly going all-in now will only serve as a foil in this process.