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The first thing I do when I wake up in the morning is open the market analysis software. It’s not that I’m overly competitive, but recent ETH performance has really caught my attention. The market always gives off a feeling of an impending storm, as if something big is brewing.
Let’s talk about the current situation. ETH is now stuck around $2972. Its recent trend has been mainly sideways—neither rising significantly nor dropping sharply. Many people are getting a bit annoyed by this dull rhythm. But here’s the key point: the calmer it looks, the more we need to stay alert. Based on long-term monitoring experience, this seemingly boring sideways movement is actually a tug-of-war between bulls and bears, waiting for a trigger to break the deadlock.
Two signals that cannot be ignored have emerged.
First, look at the RSI sentiment indicator—currently at 46.1. This level is very delicate, not overbought or oversold, just right between the two. In other words, the market is in a state of “collective hesitation”: bullish traders are reluctant to add positions recklessly, fearing being caught in a trap; bearish traders are also watching, afraid that bottom-fishers might get caught. Once this tug-of-war is broken, it could lead to a one-sided trend—either a rapid surge or a sharp decline. That’s why it’s crucial to keep a close eye on the order book.
Next, observe the changes in the order book—this is key to determining the breakout direction. Recent order placements have started to show subtle shifts, with some signals brewing.
In summary, this is a critical juncture, and the next directional move will be very important.