2026-01-06 07:30:33

Looking at the recent four-hour chart of Ethereum, the sideways consolidation is quite obvious—the bulls and bears are evenly matched, and neither side is dominating. However, there’s an interesting point here: the price previously dropped to the lower boundary of the channel, but then it rebounded with several bullish candles, forcefully pulling the price back up. It is now stable above the middle band of the Bollinger Bands, which has become a key support level. From the strength of the support, it still feels quite solid, not weak or soft. Many people might think that the market is about to weaken when they see this sideways movement, but in fact, this consolidation phase is precisely the period for accumulating momentum for the next upward move. The current pattern can be understood as a preparation for the upcoming trend.

ETH0,66%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
6
Repost
Share

Comment

0/400

CoinBasedThinking

· 01-08 19:53

Once the middle band breaks, panic should set in. Holding on now indicates that someone is still supporting the market.

View OriginalReply0

OldLeekNewSickle

· 01-08 18:33

The middle band of the Bollinger Bands is holding up so firmly, indicating that funds are still in play. Consolidation isn't necessarily a bad thing; the key is to see who gives in first.

View OriginalReply0

RadioShackKnight

· 01-06 08:00

As long as the midline holds, there is hope. This wave's support strength is indeed solid, not the kind that breaks at a single poke. --- Consolidation? I actually think this is a big move in the making. The accumulation phase tests the mentality the most. --- The bulls haven't fully gained momentum, and the bears can't suppress it either. This kind of stalemate is most likely to erupt. --- A few bullish candles bouncing off the lower band strongly indicate that someone is guarding it. As long as the midline isn't broken, I will continue to be bullish. --- Don't be fooled by the sideways movement. True market trends often develop this way—gradual accumulation followed by a sudden surge. --- The key is whether the midline can be maintained. Holding it gives hope; breaking it is the real problem. --- I've seen many weak rebounds, but this wave still has some strength behind it.

View OriginalReply0

DefiPlaybook

· 01-06 08:00

This sideways movement is basically just a way to milk the market makers. As long as the midline holds firm, there's nothing to fear; if it breaks, then we'll see.

View OriginalReply0

ChainWallflower

· 01-06 07:56

As long as the middle band isn't broken, there's hope. This round of consolidation definitely has that authentic feel.

View OriginalReply0

LazyDevMiner

· 01-06 07:51

The midline is holding up pretty well. This round of consolidation definitely has a sense of accumulation. It's much more comfortable compared to those who shout "it's over" at the first drop.

View OriginalReply0