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Recently, Ethereum's price movement has indeed been quite abnormal. Looking back at this round of market, last night at 10:30 PM, we finally saw a bearish opportunity, with the price dropping to the 2893 level, but afterwards it could never break this support again.
Even more outrageous is that Ethereum has been stuck in the 28,000 range for 10 consecutive days, and has not been able to break through the key zone of 2870-2850. What is behind this highly controlled market phenomenon? I think it's worth pondering.
Looking at the trading volume, the data over the past 4 days is also quite strange — the volume has never reached a level starting with 5. If this situation continues, the probability of seeing a volume starting with 3 tomorrow is actually not low.
To be honest, Ethereum has been trading sideways around the 28,000 mark for so many days, liquidity is severely limited, and market participation has clearly declined. I suggest observers exercise caution in participating in one-sided trends for now, and wait for the volume and price to break through this dead zone before making further decisions.