After this Ethereum upgrade, the price has been stuck at a high level and just refuses to go down. Honestly, this trend makes me a bit cautious—it feels more like a bull trap.
If you look at other coins in the market, the ones that needed to correct have already started adjusting, yet Ethereum is stubbornly holding within this range, showing unusually "strong" performance. This kind of abnormal strength is often not a good sign.
My view is still bearish. Strategically, I would consider setting up short positions near the previous highs and wait for a real breakdown. Of course, this is just my personal judgment—the market can always prove me wrong.
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FromMinerToFarmer
· 2h ago
Hmm... the recent ETH price movement does seem a bit strange, feels like something's off.
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CryptoSurvivor
· 12-06 10:02
Oh come on, it's that same old bull trap theory again. I don't buy it.
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Shorting just because it's consolidating at a high level? I've heard that logic too many times, and it always ends up backfiring.
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This ETH move does feel a bit weird, but honestly, who can really predict it?
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Setting up shorts near the previous high seems fine to me, just easy to get trapped.
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Market reversals always come out of nowhere. Everyone, be careful.
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Strong as it is, the risks are definitely piling up here.
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Breakdown coming? Alright, but I honestly don't have the confidence to bet on that.
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Been staring at ETH for a while and still can't figure out why it's holding up so strong while all the other coins are weak.
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You can try shorting, but whatever you do, don't go all in—that's a lesson I learned the hard way.
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WhaleMinion
· 12-05 07:55
Just stay strong, that’s it. Anyway, I’m just waiting to get dumped on.
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AmateurDAOWatcher
· 12-05 07:55
Wait, that can't be right. All the other coins have dropped, but ETH is still holding strong. That's not strength—someone must be propping up the price, right?
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NftBankruptcyClub
· 12-05 07:54
The way it’s stubbornly holding at this high level does seem a bit strange—might be about to take a hit.
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GateUser-3824aa38
· 12-05 07:53
This high-level sideways consolidation does feel a bit strange, like it's building up for a big move.
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ProofOfNothing
· 12-05 07:53
Damn, is it another bull trap again? You say this every time, but what happens in the end?
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GasBandit
· 12-05 07:52
This move by ETH is indeed weird; while everything else is dropping, it's still holding up. Feels a bit unsettling.
$ETH
After this Ethereum upgrade, the price has been stuck at a high level and just refuses to go down. Honestly, this trend makes me a bit cautious—it feels more like a bull trap.
If you look at other coins in the market, the ones that needed to correct have already started adjusting, yet Ethereum is stubbornly holding within this range, showing unusually "strong" performance. This kind of abnormal strength is often not a good sign.
My view is still bearish. Strategically, I would consider setting up short positions near the previous highs and wait for a real breakdown. Of course, this is just my personal judgment—the market can always prove me wrong.