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ETH fluctuated 0.14% over the past hour, consolidating narrowly between 2938 and 2944, triggering another volatility alert. This extreme calm often foreshadows the subsequent market trend.
Continuing from previous analysis, we maintain a neutral to slightly bearish outlook: the daily bearish pattern remains unchanged, and the price is still constrained by key moving averages. The current narrow consolidation can be seen as a pause and buildup during a decline, with no clear signals yet to reverse the trend.