ETH aims for $3400, but bull market traps are lurking
Tom Lee warns: #ETH may be undervalued at $3000, but large holders (1000–10000 ETH) are quietly selling. Exchange supply is decreasing, and the market seems to be accumulating quietly.
The Fusaka upgrade makes Ethereum L2 daily transactions, layer settlement, increases throughput, and reduces fees. Short-term bulls have a chance to drive a rebound, but trading volume is sluggish, and the $3200 support may hinder the rebound.
📊 Daily/Weekly indicators suggest: prices in the $2500–2700 area may rebound, but OBV/RSI cannot guarantee an increase. The 1-hour chart shows a possible short-term buying point in the $3014–3086 range, targeting $3400, but caution is needed if it falls below $3000💀.
ETH trading is not simple; there is a bull market atmosphere, but traps may also lie ahead.
