$ETH Eyes $3,400 — But Bull Trap Warning if Price Falls Below Key Level ⚠️

ETH has surged 18% in the past 3 weeks, but low liquidity is raising red flags.

Key Signals:

• Weak OBV and selling pressure from mid-sized whales (1k–10k ETH) suggest lack of real demand.

• Price must hold above $3,000; breaking this level could invalidate the bullish scenario.

• Major resistance sits around $3,370.

Is this a supply squeeze or just a low-volume bull trap waiting to explode? Traders should watch whale activity and liquidity closely.