ETH's recent price action is a bit hard to figure out.
Could it be repeating the same pattern as last time? Push up to a high, move sideways for a day or two, then suddenly plunge with a violent sell-off. The way it looks now, the rebound seems strong on the surface, but it could actually be laying a trap at the top—luring in a bunch of longs to take the bait, then hitting with a waterfall drop.
With Ethereum's current market, you really need to stay alert.
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StablecoinSkeptic
· 14h ago
Same old trick again, it's really annoying. They've used this high-level trap hundreds of times, yet people still fall for it.
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OnlyOnMainnet
· 14h ago
Uh... this rebound feels a bit weak, I keep thinking it's going to get dumped.
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CodeAuditQueen
· 14h ago
The candlestick pattern of this rebound is indeed a bit outrageous, just like the attack vector during the previous high-level consolidation—first absorbing liquidity, then dumping, a standard rug pull move.
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HodlVeteran
· 14h ago
Pulling this trick again? I got burned by this back in 2018, now I get suspicious as soon as I sense it, seriously.
ETH's recent price action is a bit hard to figure out.
Could it be repeating the same pattern as last time? Push up to a high, move sideways for a day or two, then suddenly plunge with a violent sell-off. The way it looks now, the rebound seems strong on the surface, but it could actually be laying a trap at the top—luring in a bunch of longs to take the bait, then hitting with a waterfall drop.
With Ethereum's current market, you really need to stay alert.