Watching ETH bounce around near $3165 on the screen can indeed be quite frustrating. Some friends chased long positions in the morning session and got trapped; such incidents have happened quite a few times recently. But in fact, this wave of market movement is far from as simple as it appears on the surface—there's a hidden logic of main players hunting behind the scenes, worth analyzing carefully.

**Multi-layered Technical Signals**

First, look at the 4-hour timeframe. ETH's current price at $3165 is precisely between the middle band (around $3009) and the upper band (around $3026) of the Bollinger Bands, which is quite interesting. The RSI value is 59.99, indicating a delicate balance between bulls and bears—whoever acts first will reveal their intentions. From another perspective, this is the accumulation zone described by Wyckoff theory, where large traders like to linger, pushing retail traders' psychology to the limit.

Next, examine the 15-minute short-term performance. The candlesticks repeatedly test the narrow range of $3165-$3167, with each rally accompanied by long upper shadows—like an athlete slowing down just before crossing the finish line. What's the logic behind this? Main players have heavily shorted around $3167, specifically targeting retail traders chasing the high. The TD sequence shows five consecutive candles with no clear directional signal, which often indicates a consolidation phase about to accelerate.

**Main Player's Psychological Tactics**

The first step is to create a FOMO effect. Deliberately holding the price at key levels to make retail traders uneasy, eventually some can't resist chasing in. At this point, the main players are ready, waiting to harvest this wave of impulsive funds. This trick works every time because human greed always wins over rationality.

The current situation is: on the surface, it looks like boring sideways movement, but in reality, it's the calm before the storm. The next move depends on when the main players decide to close their positions.