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Recently, Ethereum's performance has indeed been a bit "stifling." From a technical perspective, over the past half month, it has been oscillating within a range, lacking a decisive breakout. This kind of stalemate usually doesn't last long—markets need to release energy.
Currently, there is an interesting phenomenon: mainstream cryptocurrencies like Bitcoin, XRP, and others are also showing similar consolidation characteristics. Considering the upcoming trading cycle, market participants seem to be accumulating strength. Historical experience tells us that prolonged narrow fluctuations often indicate that significant market movements are imminent.
From a trading perspective, this consolidation period might be an ideal window for large institutions to adjust their positions and prepare for the next phase. If this logic holds, the probability of breaking out of this range within the next week is quite high. Whether it breaks upward or downward will depend on closely monitoring the breakout direction and trading volume.
In summary, this stage may seem calm on the surface, but there are underlying currents surging beneath. Stay alert and wait for clear signals from the market.