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Ethereum’s recent move is pretty interesting.
As soon as the upgrade news came out, it shot up to around 3200, but if you look at Bitcoin and Solana, they didn’t move at all—they didn’t keep up with the momentum. This kind of one-sided market is actually quite risky.
With the current trend, it’s very likely there will be a fake-out in the 3200 to 3180 range to lure in some longs, then suddenly reverse and drop down. It’s a classic bull-and-bear trap—first they make you think there’ll be a breakout so you rush in, then instantly hit your stop-loss.
The market has been playing this trick a lot lately, swinging back and forth, taking out stop-losses on both sides. If you’re trading, be cautious—don’t chase the highs and don’t try to catch the bottom too easily.