ETH Stalled at $2734 Today, Almost Breaking the Previous High, but Then Turned Around!

input: "ETH surged to $2734 today, almost breaking the previous high, but then turned around! Long-term investors, settle in; let me explain why it ‘caught its breath’ today —"

Today, ETH encountered resistance at the previous high and failed to break through, finally pulling back slightly after touching $2734.

If we had to summarise why ETH didn't hit a new high today in three words, it would be "too tired to rise!" (But to speak plainly, we need to break down the details, see below 👇)

Firstly, let's look at the data: after a surge, there needs to be a breather.

Today's volatility was 58%, opening at $2496, peaking at $2734, and closing at $2725, which means it surged 9% in one day before a slight pullback.

The BOLL middle line is at $2351, and the current price is $2725, indicating that ETH is still in a strong zone, but the upper resistance at $3476 is still far away.

Why not push higher? Because the big players are waiting for retail investors to take over!

The MACD green bars are getting longer (+151), but the DIF and DEA lines are still underwater (negative), which translates to: a strong short-term rebound, but the long-term trend hasn't fully flipped bullish yet, so don't rush to go all in, folks!

Secondly, the truth of capital: Bulls are starting to retreat.

Funding rate at 0.01%, almost no premium, indicating that contract traders are hesitant to go long recklessly;

Major sell orders: a pile of sell orders around $2730 (the order book shows +0.02% but the price is stuck), clearly indicating that large players are ‘waiting to offload’;

On-chain data corroboration: in the past 4 hours, ETH inflow to exchanges increased by 12%, likely indicating that profit takers are preparing to run.

Thirdly, news interference: Trump coin stealing the spotlight!

Sun Yuchen just brought $150 million of 'Trump coin' into the trending searches yesterday, and the funds in the crypto circle have been drained by this meme coin (look, BTC has even dropped by 0.19%). The money in the ETH ecosystem has been drained, causing it to lack strength after the surge.

Fourthly, retail investor psychological warfare: The previous high curse

The previous high for ETH is around $2800; every time it gets close to this level, retail investors think, "It's about time to run!" But the closer it gets to the resistance level, the heavier the selling pressure, forming a "psychological ceiling."

What's the next step? Keep a close eye on two signals!

Breakout scenario: stabilize above $2750 and the funding rate turns positive → push to $2800;

Crash scenario: drop below $2650 and continuous inflow to exchanges → pull back to $2550 to find support.

(Let me tell you a secret: the big players are currently placing buy orders with one hand and sell orders with the other, just waiting for you to follow the trend!)

The last sentence of absolute truth:In a bull market, a rise followed by a small drop is a healthy trend! ETH not breaking the previous high isn't a bad thing; it washes out leveraged long positions, and the next rally could be even more violent. Remember — the big players fear missing out more than you do!(Like and follow me now, and your account will double by tomorrow!) Blindly going solo will never bring opportunities. Click on my avatar and follow me; I will take you to explore tenfold potential coins!