Recently, Ethereum's price movement has indeed been somewhat bizarre, with data suggesting hidden risks.



Let's first look at the actions of the whales — the overall profit of the bullish accounts has reached a high of 70%, yet they are instead aggressively increasing their positions, recently placing buy orders worth 35 million. This move is a bit puzzling; how should I put it, it feels like a "gamble on stupidity." Meanwhile, retail investors' buy volume has surged to 84%, which means what? A large number of bagholders are flooding in.

From a technical perspective, the signals are even more obvious. The RSI indicator has already surged to 84.6, entering the severely overbought zone, which is usually not a good sign historically. The price is currently hugging the upper Bollinger Band around 3165, facing strong resistance. And don't forget, the previous high of 3221 has always been unbreakable, forming clear resistance.

Combining all this information, the situation seems to be this: the market has reached a top area, and the large buy-ins by whales appear more like a trap to lure retail investors into buying. From a trading standpoint, the current strategy should be to decisively clear out positions and patiently wait for possible correction opportunities.
ETH-0,25%
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GasFeeTearsvip
· 01-07 20:08
The trick of inducing buying hype is really old news; the whales are still acting, and retail investors are still falling for it.
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0xSleepDeprivedvip
· 01-07 12:47
Using the old trick of inducing buying to trap retail investors again.
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AirdropSweaterFanvip
· 01-05 05:50
Hey, wait a minute, a whale with 70% profit still adding positions? That doesn't make any sense, it's a typical retail investor trap. RSI is already at 84.6, and you're still daring to buy in? I think it's really going to crash. This liquidation was very timely, everyone wait for the bottom. If 3221 can't be broken through, that's the ceiling, nothing more to say. This market is really rotten, let's see how it goes. When will there be an adjustment? People are already exhausted waiting. I just want to ask, is there anyone still daring to buy into this market? Whale tactics are so obvious, retail investors still piling in, hilarious. Liquidate everything, wait for the next opportunity.
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GateUser-3824aa38vip
· 01-05 05:49
Whale's frantic accumulation is actually a warning signal. I've seen this pattern many times—it's a classic trap to lure more buyers. 84% of retail investors are the bagholders. It's really time to wake up.
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QuietlyStakingvip
· 01-05 05:46
Whales throwing money around is actually a trap to lure more buyers? I've heard this trick way too many times. It's better to stay safely on the sidelines.
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ChainDetectivevip
· 01-05 05:24
Another pump-and-dump attempt? I feel like this tactic is getting old. If you can't push through 3221, it's time to run.
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MeltdownSurvivalistvip
· 01-05 05:20
This wave of pump-and-dump is really impressive. Pouring in 35 million just to get retail investors to rush in. Liquidate and walk away, wait for a pullback to talk. The trap set by the whale at 3165, they insist we jump in to be satisfied. 84% of the bagholders are already filled, time to withdraw. RSI is already overbought, still not running? Are you waiting to be cut?
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