Right now, the current price of the “second pancake” is around 2290. In the recent trend, it has shown repeated back-and-forth near the 2300 level, with volatility gradually narrowing, leaving bulls and bears stuck in a stalemate.

The news backdrop shows a mixed picture, with both bullish and bearish factors interwoven. The positives are: continuous net inflows into spot ETF funds, large-scale withdrawals of more than 3 million ETH from exchanges that weaken selling pressure, and leverage ratios falling to their lowest levels in several months, indicating that the market’s capital/positioning structure is becoming healthier.

Technically, the market is in a typical range-bound consolidation, awaiting a breakout/change. On the daily chart, the RSI is hovering around 49 in a neutral-to-slightly-weak zone. The MACD momentum is faint and approaching the zero axis, while the Bollinger Bands keep opening less and less, compressing the space for volatility.

Strategy reference: a pullback around 2255–2275, with the target looking toward 2300.

Trade with a light position size throughout, cut losses strictly, and do not hold positions through major swings.
#美国4月CPI上涨3.8% $ETH