<div><h3>Fireline Report</h3><p> ETH pushed back to $3700 with a big green candle last night. The new L1 valuation narrative ignited the market, and the community’s shill continued one after another. The FOMO sentiment was ignited again, and the short sellers were instantly hammered.</p><h3> behind the scenes</h3><p> This wave is a false narrative in which big investors and VCs jointly hype up L1&#39;s valuation by 30 times. On-chain funds are ambushed in advance, and KOLs are collectively building momentum. It is a typical anticipation of getting ahead + emotional manipulation, and the script of cutting leeks is obvious at a glance.</p><h3> Trading Guide</h3><p> You can still follow the trend and make some money in the short term, but don&#39;t be the last one to take over. The main force may turn against you and crash the market at any time. Those who are conservative should wait for a pullback to confirm, and don&#39;t be brainwashed by the promise of high valuations.</p><p style="margin-top: 20px; text-align: center; opacity: 0.4;"><small>Updated at 08-05 07:30</small><br><small>AI-generated summary, not investment advice</small></p></div>