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Market Status: The rally has paused, consolidation at high levels, the overall trend remains unchanged, focus on key support.
Bitcoin remains strong and stable above $96,000, providing crucial confidence and support for the entire market. This is the main reason ETH has not experienced a deep correction.
The positive outlook for the ETHGas token airdrop (snapshot on January 19) still persists, continuously attracting market attention and enthusiasm.
The market is currently in a "post-rally digestion phase." Although short-term profit-taking has occurred, the upward trend structure remains intact supported by Bitcoin's strong momentum and technical factors. Next, holding the support around $3,250 is critical. If it can stabilize here, there is potential to gather strength and challenge higher again.