From the perspective of the ETH market, both the hourly and daily levels have shown divergence and RSI overbought signals. Generally speaking, the trend at this moment needs to pull back to adjust the structure before rising again.

Currently, this staircase-like upward movement may require more positive sentiment or buying power to drive it. As the price rises, the pressure will increase.

To put it bluntly, in this kind of trend, short sellers are suffering losses, bears dare not act, and those who missed out on the opportunity are hesitant to chase. As for whether this is the theory of market manipulators, I remain skeptical.