Currently, Ethereum $ETH has rapidly surged to $2600, which on the surface seems to be driven by positive factors, but its essence is likely just an illusion created by the main forces to lure in buyers, lacking support from fundamentals and capital. First, the Fed's interest rate cut expectations in July have significantly cooled down, and the market is still under the pressure of a high-interest-rate environment that suppresses liquidity; secondly, the ancient giant whales' selling of Bitcoin has not yet fully reflected in the overall market prices, and potential selling pressure still exists; furthermore, from a technical perspective, this round of price increase lacks sufficient volume, obviously a short-term speculative play, with neither transaction volume nor turnover rate showing healthy expansion, making it impossible to confirm a trend reversal. In addition, the rising geopolitical risks in the Middle East, regulatory storms, and the impact of the Inflation Reduction Act have not yet been fully digested, and the uncertainty facing the crypto market is far greater than in the past. At this moment, chasing high prices is highly likely to fall into a trap of being lured into buying; if the main forces complete their distribution later, once the critical support is lost, it will trigger a chain reaction of stop-losses and liquidation, with a retracement to $2300 or even $2000 being a high-probability event. Overall, above $2600 is a strong resistance area for the bears, and the current rebound lacks solid fundamental support. It is still advisable to maintain a high level of vigilance and to hold a bearish stance in the short term. #马斯克计划成立美国党 #美国加征关税