2025-12-25 00:20:28

This wave of market activity has been quite exhausting—watching the chart bounce back and forth between 2940 and 3020, just an eighty-dollar range, with both bulls and bears seemingly worn out. Up and down, up and down, it’s like repeating the same actions over and over.

When there’s no movement, it suddenly jitters twice; just as it looks like it’s about to break through, it pulls back again. This kind of situation is the easiest to trigger trading desires, especially for beginners, but even seasoned traders can’t help but get itchy. At this moment, patience is most tested—the more directionless the market, the more you need to calm down and clarify your thoughts.

Looking at the broader environment, it’s indeed stuck. The Bank of Japan has already implemented rate hikes, and liquidity continues to tighten; on the US side, there’s talk that inflation is performing well, and the Federal Reserve might consider easing policies. These opposing forces tug at each other, trapping the market in this position—unable to go up or down, entering a “vacuum” state—lacking clear direction and investment sentiment.

The technical situation is more straightforward. The 1-hour chart has formed a triangle convergence, with the range narrowing increasingly. In the short term, the range is confined between 2970 and 3020. The key support levels are at 2800 to 2850, and 3000 acts as a psychological resistance. Here’s a critical point: if it falls below 2800, the downward space could open up; conversely, if it can volume-wise stabilize above 3020, short-term sentiment might improve.

Interestingly, although the market is dull, on-chain movements are quite revealing. Large whales are making big purchases during dips, buying over 4,000 ETH in one go. What signals does this send? Big funds are willing to buy at this level, but that doesn’t mean they’re about to push the market up; it’s more likely they’re just positioning on the left side. Retail traders should be especially cautious—don’t chase after large transactions just because you see big trades.

ETH-1.84%

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ChainSpy

· 22h ago

Still rambling again, really boring Wait for the breakdown, this kind of triangle convergence is just frustrating Big whales are eating, retail investors should just watch obediently Got trapped again for a day, so annoying If it falls below 2800, I'll just exit directly, no more messing around The central bank keeps raising interest rates while trying to relax, the market has really become a sandwich Want to open a position out of boredom, but my brain tells me not to move, this kind of market makes you greedier for money Left-side positioning... sounds fancy, but it's actually just waiting Still that old saying, if there's no direction, don't make random moves, losing money the fastest

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BlockTalk

· 22h ago

This market really costs lives, grinding back and forth for $80, making my hands itch like crazy. Wait, is the whale still buying at this moment? Feels a bit off. A vacuum state is the most dangerous; just don't move, wait for the signal. Breaking 2800 is the real story; right now, it's all fake breakouts. Big funds are positioning on the left side, and we're still hesitating here—what a gap. This kind of market is the most torturous; might as well close the market and go to sleep.

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rugpull_survivor

· 22h ago

It's really torture, these eighty dollars pulling my brain back and forth until I go numb. The triangle convergence is so annoying, should I break up or break down? Whale receiving over four thousand ETH? I just want to see how it moves afterward, don't fool me. Only consider selling if it breaks 2800; for now, just sit and wait for a signal. The central bank keeps talking about easing after raising interest rates; the market is really being manipulated. The itch is real, but jumping in this kind of market is just sending yourself to the slaughter, hold back, hold back. Big funds are positioning on the left side, I'll just watch; anyway, I'm a retail investor and not smart enough to follow the trend. This narrow-range fluctuation is impossible to trade; better to lie flat and wait for a breakout.

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wrekt_but_learning

· 23h ago

Back at it again? $80 round-trip friction, really wearing out patience. Whales are eating up, and we shouldn't rush to follow; this is the true left-side positioning. Wait until it breaks 2800 or stabilizes above 3020 before talking; right now it's just gambling. In a vacuum state, it's easiest to be harvested; I choose to lie flat. When the central bank pulls and tugs, the market gets trapped, so annoying. On-chain data is indeed interesting, but don't be fooled by big funds; they are playing psychological warfare. This kind of market tests human nature the most; the more you want to move, the easier you are to lose.

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LiquidationTherapist

· 23h ago

It's really frustrating to be stuck in this range, bouncing back and forth between 2970 and 3020 dozens of times, feeling like it's all futile. Wait, is the whale bottom fishing? These big players definitely don't think like retail investors. The most uncomfortable state is being in a vacuum; when there's no direction, everything you do is wrong. Breaking below 2800 is when the real test begins. Anything said now is premature. Another giant whale and a left-side accumulation, sounds intimidating, but we still need to wait for confirmation signals. After such a long consolidation, any move will be a trend, so don't rush. The triangle convergence is tightening more and more; it will break out sooner or later, but we don't know which direction, it's really annoying. Everyone is worn out, maybe this is the best entry point?

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