Recently looked at Ethereum's trend lines and wanted to share some thoughts with everyone. Observing the recent movements, I found that from the 18th until now, Ethereum has been repeatedly testing the 2870 level but has yet to effectively break through 2880. The reason behind this is quite simple—there is a clear market control phenomenon, and the capital flow is in a highly suppressed state.



Specifically, Ethereum's recent volatility has been tightly restricted. Daily trading volume has remained in the three-digit range for several days, never breaking into the 5000 level. This sluggish trading volume itself reflects that players in the short-selling direction have been under long-term suppression.

From 9:30 PM to 11:30 PM tonight, there is an expected opportunity for some volatility, roughly around 60-80 points. However, currently, the overall movement is just slight fluctuations, with a range controlled within 20-30 points. It is not advisable to place impulsive orders in the short term.

If Ethereum can effectively break through the 2870 defense line, it could trigger a larger upward movement later. But from the current pattern, the intention to control the market is quite obvious. I will update specific trading ideas at 8 PM tonight, which can be referenced later to see if there are opportunities for a rally. This month's market is quite complex, so large orders are better to be cautious and observe first.
ETH0,24%
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GateUser-43630a3avip
· 10h ago
Merry Christmas ⛄
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LeverageAddictvip
· 10h ago
It's the same story of market manipulation and suppression every day. When will we see the real results?
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DefiOldTrickstervip
· 10h ago
This 2870 hurdle, I think it's just the main force teasing people... With such a shrinking trading volume, there's really no chance.
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ReverseTradingGuruvip
· 10h ago
It's the same old story of market manipulation and suppression. I'm already tired of the sluggish trading volume. Where's the promised breakout?
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RektDetectivevip
· 10h ago
2870 has been stuck for so long, indicating that the main players haven't made up their minds yet. Watching and waiting is the best strategy.
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DegenDreamervip
· 11h ago
This level 2870 is really hard to beat; it feels like the house is determined not to let it be broken.
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gas_fee_therapistvip
· 11h ago
Stuck at 2870 for so long, it feels like the main players are just teasing us, so annoying.
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GasWastervip
· 11h ago
eth's been range-bound at 2870 for ages and volume's absolutely dead... honestly reminds me of waiting for a gas price dip that never comes, except here i can't even optimize my way out lmao
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