#以太坊行情解读 Ethereum has been interesting these past couple of days—I looked at the 1-hour chart and want to share a few details with everyone.

**Technical Analysis:**
The price has been fluctuating around 2940, with the middle band of the Bollinger Bands serving as a repeated confirmation level. You'll notice the upper and lower bands are getting closer, indicating that volatility is clearly waning. The two lines of the MACD are about to converge, and the energy bars are weak to the point of almost disappearing, a typical sign of indecision between bulls and bears.

The resistance level is at 2965, and the support level is at 2914. If this range cannot be broken, the short-term trend will likely continue to oscillate.

**On-Chain Data:**
Holding addresses haven't changed much; large holders are on the sidelines. There are no signs of collective dumping, nor do we see new forces entering the market. Short-term chip distribution remains quite stable, with no panic selling pressure, but no new major players have entered either. This suggests everyone is waiting for a clear signal.

**Market News:**
There are no major news updates—market sentiment is cautious, and everyone is waiting for the next catalyst.

**My Perspective:**
ETH is likely to continue consolidating within the 2914 to 2965 range with decreasing volume. It may seem boring, but this is actually building energy for the next breakout. This kind of market tests your patience—don't get shaken out by small fluctuations; just buy low and sell high, and stick to the rhythm.

The market never makes mistakes, but our trading approach can be more precise. Wait for a breakout signal and act when the trend is truly confirmed. Let’s all endure this consolidation period together and seize the opportunity when it breaks out! $ETH