This morning, I opened the candlestick chart and saw ETH spike to 3308. People around me couldn't sit still. Some shouted, "Breakout! Go all-in on longs," while others hurried to chase the tail of the bullish trend. But those who stay calm and watch the market understand that this is not a genuine breakout signal, but rather a carefully orchestrated trap by the main players.

I've seen this playbook countless times in my eight years of trading. Yesterday's spike to 3308 was not about pushing for a new high, but about "liquidity hunting"—the main players pushed the price above 3300 specifically to sweep out the shorts who placed stop-loss orders near 3300. Retail traders were forced to close their positions, and then the main players quickly dumped their chips, sharply reversing the price. After this combo, retail traders lose money, and the main players take the profit.

So, what is the current market situation? Breaking it down makes it clear.

From the 15-minute chart, the price is holding around 3270, looking somewhat strong. But looking at the MACD, it already formed a death cross below the zero line, with a large downward gap. In simple terms, the price is just acting, but the indicators have already spoken the truth—the bulls' energy has been exhausted, and a fall is only a matter of time.

Volume further confirms this. Switching to the 1-hour chart, when the price attempted to break the critical 3300 level, the volume didn't follow through. This is essentially a false rebound, not genuine buying pressure. Low volume at the high indicates there are no strong buyers above, and a sharp drop could happen at any moment.