Based on the current market characteristics, the market has entered a consolidation phase within a hundred points, with long and short forces temporarily balanced.

From a technical perspective, the hourly price level is fluctuating narrowly around the central range, with short-term moving averages entangled with each other, forming a dense consolidation band, and no clear directional guidance has emerged. The MACD indicator is flat near the zero axis, with red and green bars alternating and narrowing, indicating that both long and short momentum are waning, with no trend-breaking power currently.

The RSI indicator remains in a neutral range, not reaching overbought or oversold thresholds, in line with the characteristics of a consolidating market.

Trading volume shows a significant shrinking trend, notably declining compared to the previous volatile phase, reflecting a decrease in market trading activity. Both long and short parties have not yet formed an effective consensus and are in a power accumulation phase #ETH走势分析 .