Recently, I've been watching the trends of several popular coins, and there are some interesting phenomena worth discussing.

First, let's talk about a certain coin. There is significant resistance at the pressure level of 4.68, but after breaking through to 4.76, the bears immediately exerted force. However, the temperament of this coin is quite different from that of the previous coin — while the previous coin fell like a mudslide, decisively and cleanly, this coin tends to wash out repeatedly during distribution, bouncing up and down to the point of driving people crazy. Just when you can’t stand it and decide to cut losses, it bounces back up again. This routine, to put it simply, is a trap to lure in more buyers and force out external funds. Going forward, the key support levels to watch are 2.8 and 1.96, with an extreme target of 0.88. However, it is recommended to participate with a light position and not to be too greedy.

This type of trend is also common among coins related to the Ethereum ecosystem, with repeated fluctuations at high levels being a typical characteristic of major players distributing their holdings.