The recent rally of Ethereum is essentially a test of retail investors' psychological resilience. Many are watching the 3150-3178 price range, but those who are truly making money are focused on things others can't see.
Let's first talk about trading volume. This is the most easily overlooked trap. Why is that? Because trading volume is the true reflection of the price movement; the price itself is just a smokescreen. For Ethereum to stabilize above 3178, the trading volume must keep up. This range has many orders stacked up, all waiting to be unwound. Once a breakout occurs, these chips in the hands of many will be sold off. Without enough buyers to absorb the sell-off, this breakout is likely a false signal—price surges up but then falls back, trapping the last entrants. I've seen too many such scenarios; honestly, it's a bit tragic.
Another point that is often confused: the closing price is what counts. It's as simple as that, but it can distinguish a genuine breakout from a false one. The key is that on the 1-hour or 4-hour chart, the closing price must truly stay above 3178 for it to be valid. If the price only spikes during the session but then drops back? That's a trap—don't be fooled. Many people get caught here, especially those chasing high.
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OffchainOracle
· 01-06 04:35
Is the trading volume not matching? Then it's a false breakout. Don't be fooled by 3178.
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GasFeeTears
· 01-04 10:44
Breakouts that don't match the volume are all fake. How many times have I said this, yet some people still rush headlong into it. I feel sorry for those brothers who chase the high.
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FastLeaver
· 01-03 13:52
If trading volume doesn't keep up, it's just nonsense. Look at those stuck in positions still waiting, haha.
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MagicBean
· 01-03 13:50
Trading volume doesn't match the amount; 3178 is just a castle in the air... Let's see how many people want to get cut here.
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SoliditySlayer
· 01-03 13:28
The trading volume doesn't match, and the breakouts are all fake. I've understood this truth long ago, it's just that I can't help but keep chasing highs out of impatience.
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CodeAuditQueen
· 01-03 13:27
Trading volume is indeed a good entry point, but that's a bit of an absolute statement. I've seen quite a few contract-level dumpings, and the issue of fake volume is more complicated than you think—similar to re-entrancy vulnerabilities, where the surface logic is correct, but the details are full of traps.
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Blockwatcher9000
· 01-03 13:26
If the trading volume doesn't keep up, it's a false breakout. I've seen this trick too many times. The worst are those who chase highs during the trading session. Really, wake up, everyone.
The recent rally of Ethereum is essentially a test of retail investors' psychological resilience. Many are watching the 3150-3178 price range, but those who are truly making money are focused on things others can't see.
Let's first talk about trading volume. This is the most easily overlooked trap. Why is that? Because trading volume is the true reflection of the price movement; the price itself is just a smokescreen. For Ethereum to stabilize above 3178, the trading volume must keep up. This range has many orders stacked up, all waiting to be unwound. Once a breakout occurs, these chips in the hands of many will be sold off. Without enough buyers to absorb the sell-off, this breakout is likely a false signal—price surges up but then falls back, trapping the last entrants. I've seen too many such scenarios; honestly, it's a bit tragic.
Another point that is often confused: the closing price is what counts. It's as simple as that, but it can distinguish a genuine breakout from a false one. The key is that on the 1-hour or 4-hour chart, the closing price must truly stay above 3178 for it to be valid. If the price only spikes during the session but then drops back? That's a trap—don't be fooled. Many people get caught here, especially those chasing high.