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I've received quite a few questions these days, all asking the same thing—should Ethereum push at the 3150 level? The comments are full of different opinions; some are eager to try, others are cautious and watching. As someone who has been in the trading market for over ten years, experienced three bear markets, and caught four waves of行情, I need to tell the truth today.
The battle at the 3150 level is not at all a "blindly go for it" opportunity. Frankly, the main players are using this as a filter to see who truly knows how to play and who is just here to send money. Those who can see through the signal tricks will profit, while most who follow the trend will likely suffer losses.
Currently, Ethereum is stuck around 3123, just a step away from the daily resistance levels at 3150-3178. The market also shows a so-called "multi-cycle resonance bullish" signal, which sounds impressive. But have you seen this kind of scene before? In 2021, Ethereum broke through the 2000 mark in a similar way, and in 2022, just before a false breakout and crash, it was the same tune. So don’t be fooled by the label "A-level signal"; the key is to see whether it’s real or fake.
How to tell real from fake? My experience is to look at three levels.
**First level: Is the trading volume following?** This is the most basic. Right now, the market is shouting about a "million-strong army gathering," sounding lively, but the trading volume has actually decreased by 12% compared to the same period last week. In over ten years of trading, I’ve never seen a breakout without volume that can hold steady. Imagine this as a siege: it looks like a sea of people, but in reality, it’s just a bunch of miscellaneous soldiers. Without the "hard strength" of the main force backing it, how can this battle be won?