The high before breaking $ETH is a fake move by the main force! The main force is setting up to harvest at the 5000 mark!
Ethereum has been surging recently, with prices hitting around $4650, reaching a nearly three-year high. The market sentiment is very exuberant, and it seems like it could break through the historical highest point at any moment, even soaring directly to the $5000 round number. However, based on past experience, such key price levels are not easily breached, as there are limited topics to speculate on in the cryptocurrency circle. The main funds will definitely work on these positions and won’t waste the opportunity to create volatility.
Now, the closer we get to the historical high, the more we need to be cautious of short-term pullback risks. There are two key resistance levels here: one is the historical high itself, where many short-term profit-takers will choose to exit; the other is the $5000 round number, which has a stronger psychological expectation and often leads to more intense fluctuations, even false breakthroughs. If the main funds directly push up and break through, they would lose the opportunity to create volatility and turnover, so they are more likely to adopt the trading strategy of "false breakthrough - pullback confirmation - true breakthrough."
During this period, it’s crucial to pay attention to changes in trading volume. Historically, when hitting key price levels, it is usually accompanied by a rapid increase in trading volume. However, if the volume cannot keep up, it is easy to fall into the trap of a quick drop after a spike.
In simple terms, now is not the time to blindly chase highs; instead, we need to be wary of the volatility traps created by the main funds at key positions.
