Looking at ETH's recent performance at the 3008 level, I believe many traders who chased longs in the 2990-3005 range are now feeling pretty uncomfortable. What's the overall outlook on this market movement? Let's analyze it calmly.

My core judgment is: the high point at 3008 is very likely a bull trap. Why do I say that? Because, from a technical perspective, the lows are gradually being raised, and the market appears to be gathering strength. However, once the 3000 level is broken, it only results in a hurried high at 3008—without even touching 3010. This strength clearly doesn't match the characteristics of a genuine breakout.

What's more interesting is the precise placement of this level. The reason 3008 was chosen is probably to accurately hit the stop-loss orders around the low 3000 area where short positions are laid out. After consuming this liquidity, taking a short position again would be more advantageous. This is a common tactic among market participants.

**What is a more reliable way to operate next?** Currently, do not chase longs at 2995. If the price rebounds back into the 3000-3005 range, consider entering short positions in batches, with a stop-loss set near the previous high of 3015 to allow some room for error. The first target is 2950; if it breaks below, continue to watch 2920, where you can add to your position.

From a future market perspective, there are two more likely scenarios: a high probability (about 75%) is that 3008 indeed becomes the intraday ceiling, and the price will oscillate within the 2990-3000 range—this is a typical consolidation after a breakout. The less likely scenario is that this is just a short-term correction, followed by another upward push.

In any case, the key is to recognize the pattern clearly and not be fooled by superficial signs of an upward trend.