During the 153rd Ethereum Core Developer Consensus Conference call, the developers reaffirmed their plans for the Pectra test. It has been confirmed that the new Hoodi testnet will be upgraded on March 26th. However, the developers have collectively decided to postpone the launch date of the Pectra mainnet until the upgrade status of the Hoodi testnet is observed and more in-depth testing of Pectra features on Hoodi. The news was revealed at 11 a.m. Since then, prices have continued to fall and remain in the doldrums until now. Although it did not cause significant volatility on the market charts, the information did not have any positive impact on the market. Moreover, the repeated official delays in the mainnet upgrade will only continue to reduce Ethereum's hype expectations. There are two main hot topics on Ethereum this year, one is the mainnet upgrade, and the other is Ethereum staking. Nowadays, the mainnet upgrade process is gradually disappointing, and none of the existing Ethereum ETF solutions include staking. Staking yields are a key component of Ethereum's return on investment, and this limitation has greatly hindered its development. It's hard to blame the market for over-ampnotizing negative expectations for Ethereum, after all, it did fail to live up to expectations.

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The cryptocurrency market has been volatile, but the overall trend is modest. Last night, the price of bitcoin fell rapidly, dragged down by the downward trend in the U.S. stock market, and Trump's speech at the DAS Summit did not release any substantive positive news, and most other major coins also retreated. During the four-hour timeframe, the price failed to extend the rally after breaking through the upper band of the running channel, and instead fell into a range-bound consolidation. This correction has led to a sharp pullback in prices. Observing the changes in trading volume, it can be found that it is in a shrinking pattern and lacks the support of effective volume. At the same time, in the moving average system, the moving averages show signs of convergence, hinting at the possibility of a trend reversal. Looking at the shorter timeframe, the price is under significant pressure at the high levels. Although there has been a strong rally before, it is clear that the market needs a period of consolidation and bottoming, and there is still room for further exploration and confirmation. After all, the current negative news has been fully digested by the market, and the next step is to wait for a slow recovery. Right now, I'm waiting for Trump's April 1 and 2 bad news about tariffs to come out. After that, I will deploy altcoins on a large scale and capture another wave of market. Ready!