According to @Excellion, ETH faces stronger selling pressure as it nears its prior all-time high, making an ATH breakout challenging due to psychological resistance, source: @Excellion on X, Aug 10, 2025. He describes this dynamic as the Bagholder's Dilemma (sell vs HODL), implying increased profit-taking near the ATH that could cap upside momentum, source: @Excellion on X, Aug 10, 2025.