Who is lying in wait for ETH's next big bullish move in the tug-of-war between bulls and bears?

ETH's market often behaves like a rubber band— the tighter it's stretched, the more forcefully it snaps back. Bulls and bears repeatedly test key levels, neither willing to give in first.
The bulls' weapons are ecosystem expansion and expectations of technological upgrades. They believe network effects will continue to strengthen, and long-term capital will keep accumulating. The bears' weapons are market panic and macroeconomic variables; once sentiment cools, they seize the opportunity to amplify volatility.
In the derivatives market, this confrontation is even more intense. Funding rates fluctuate between positive and negative, open interest piles up, and a wrong directional bet can trigger liquidations like a domino effect. Often, big market moves aren't due to fundamental changes but excessive leverage.
To observe the outcome of ETH's bulls versus bears, two signals are key: whether the pullback volume decreases and whether the breakout is sustained. If the breakout stabilizes, bullish confidence will gradually strengthen; if false breakouts occur frequently, bears will regain control.
The market is never short of drama. ETH's next big bullish candle often appears when everyone begins to doubt.