Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Recently, there have been some unusual signs in the ETH market. After the price surged to around 3266, the overall trend started to appear somewhat weak — a classic divergence signal between volume and price. On the surface, the price still seems to be gradually rising, but the trading volume bars below are gradually shrinking. The logic behind this is clear: the main funds driving the price up have already quietly exited, leaving mostly retail traders who are afraid of missing out and are following the trend.
From the 1-hour chart, the overall movement looks soft and feeble, like a bow at its limit, trying to push higher but lacking strength. Even more interesting is the 15-minute level, where the 3266 level feels like a thorn stuck in the flesh. The price has approached breaking below several times but was pulled back each time. Many traders seeing this might think "the support level is really strong," and rush into the market impatiently, not realizing that this could be a deliberate fake created by the main players — appearing strong on the surface but actually designed to attract the last wave of follow-up funds to buy in.
In simple terms, ETH currently shows a "prosperous on the surface, weak internally" situation. This kind of oscillating market tests the patience even more than a straightforward decline because the uncertainty is greater, volatility is more frequent, and it’s easiest to lose judgment amid the repeated ups and downs.