$ETH $ETH surged to 2800 and then to 2834. It looks scary, but do you dare to chase it?

First, let's look at two issues: the price has increased, but the trading volume hasn't kept up at all, which indicates that there isn't real money backing it!

Next, looking at the technical indicators, the MACD DIF line has started to turn downward, and the red bars are also shortening, indicating that the bullish momentum is clearly weakening! This kind of increase looks more like a scheme by the big players to fish—first pulling up the price to attract retail investors to take over, and then flipping to sell off and harvest!