ETH is likely to remain in a sideways range before early January, with multiple timeframes forming extreme compression, followed by a pump. The current situation looks good— the daily chart is showing extreme compression, while the 1-day and 3-day charts are also experiencing regular compression. From another perspective, if the market continues to consolidate sideways, it could be reasonable to wait for more chips to accumulate. This pattern of multi-timeframe synchronous compression often indicates that a significant directional trend is forthcoming. From a technical standpoint, we are currently in a typical phase of energy accumulation.