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To construct a global historical record of sea levels, tide gauge records are taken from locations away from plate boundaries and subject to little isostatic rebound.
This has been done in Tidal estimates from sediment cores go even further back to the 1300's.
This is inevitably the case when you have a noisy signal imposed over a long term trend.
The data cited is satellite altimeter measurements of global mean sea level over the past 16 years (Figure 1).Tectonic movements can alter it, as well as Glacial Isostatic Adjustment.This is where land which was formerly pressed down by massive ice sheets, rebounds now that the ice sheets are gone.The 60 day smoothed average (blue line) seems to indicate sea level peaked around the start of 2006.So one might argue that sea levels haven't risen for 3 years.