Ethereum $ETH faces multiple bearish pressures this week. Firstly, after reaching new highs, the technical pullback risk in the US stock market has risen. If funds withdraw from risk assets, institutions will inevitably sell their Ethereum and Bitcoin holdings to hedge. Coupled with weakening global macroeconomic data, stubborn inflation, and interest rates that cannot be lowered, the market fear index is likely to surge sharply, creating a chain reaction. Combined with excessive futures leverage and technical divergence at high levels, all of this constitutes a standard long trap. If positions are not reduced early, Ethereum may quickly fall below $2300 or even lower. Investors should not take chances.