ETH is no longer experiencing strong fluctuations like during the dump phase, but it isn't strong enough to break out either. This is a very uncomfortable intermediate zone, where most traders make mistakes. Recent lows have held up quite well, while the highs are gradually being pushed down.
This indicates that the market is consolidating. When ETH enters this state, news usually has less impact, and only the flow of money matters. Long-term holders often don't say much at this stage; they just observe. And when ETH leaves the quiet zone, it rarely gives prior notice.
ETHUSDT
Perp
1,792.38
-1.72%