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.
ETH0,62%
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QuorumVotervip
· 5h ago
28 cards, it's really outrageous after such a long time, feels like the whales are holding back a big move --- With such sluggish trading volume, I don't even feel like watching the market. Let's wait for a breakout to happen --- Horizontal trading is the most annoying. Instead of guessing, better to wait for a breakthrough... --- Who dares to go all-in with such poor liquidity? Watching and observing --- Not breaking 2870 in 10 days really seems suspicious; there must be a story behind it --- This wave of market movement is outrageous. Every time it nearly breaks and then rebounds, so annoying --- Trading volume can't even break the 5-figure mark? That means there's no intention to move yet --- Instead of waiting to die, better to look at other cryptocurrencies. Don't stubbornly stick to one --- Holding back for so long, there must be a big move. Just worried it might be a false alarm
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MelonFieldvip
· 5h ago
It's the same old move again, not moving past 28k is really something. Feels like a big player is suppressing the market. --- Breaking 2870 is truly impossible; with such severe volume shrinkage, how can it be pushed up? --- After such a long period of sideways trading, liquidity has dried up. I've already exited and am waiting for an opportunity. --- Market control? Or does no one really want it? The atmosphere is indeed a bit strange. --- Trading volume is getting smaller and smaller. This is probably accumulation, but I dare not bet on which direction. --- Been stuck at 28k for so long, I've lost patience. I'll wait for a clear breakout before making a move. --- Limited liquidity means higher risk. At such times, it's really time to stop.
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LightningAllInHerovip
· 5h ago
It looks like there's a whale holding the market up, and this manipulation is too obvious. Can't make any profit, brother. Just wait for the breakdown. This 28 level is really a bottleneck, and the trading volume can't be pushed up.
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VitalikFanAccountvip
· 5h ago
It's been stuck for so long without breaking support, I really can't hold on anymore. This market manipulation is too obvious, someone is defending the market. The trading volume is lying, let's wait for a breakout to see. The 28k level feels a bit dull, still waiting for an opportunity. After such a long period of sideways movement, liquidity is really poor. It's just annoying to watch, when will there be a big move? Can't break 2870, feels like today is a waste. Insufficient volume, this rally is not exciting. The dead zone is frustrating, better stay away. It feels like something is about to happen, this vibe is off.
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