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ETH Market Trend Analysis

Recently, the market has presented a subtle and complex picture. Looking at the daily candlestick chart, the highest point reached 2655, while the lowest point dipped to 2575, exhibiting a typical high-level sideways trend, which is often characteristic of the final stages of a market. A close observation of the EMA trend indicator shows that its shape has gradually transitioned from an expanding pattern to a contracting phase, indicating that the effectiveness of the market's downward trend is gradually increasing.

At the same time, the MACD indicator also shows a continuous downward contraction, which not only reflects the gradual weakening of market momentum, but also resonates with the downward opening of DIF and DEA, which together point to the downward pressure that the market may be facing. The Bollinger Bands, as an important tool to measure market volatility, are also showing a contraction trend at the moment, further confirming the lack of obvious breakthrough momentum in the market in the short term. The upper rail pressure level is fixed at 2655, like an insurmountable threshold, while the lower rail support level is stuck at 2450, which has become the bottom line of many forces. In such a market environment, if the current box range cannot be effectively broken, it will be difficult for the bulls to find a breakthrough, and the market as a whole may continue to maintain this sideways pattern, waiting for new variables to break the deadlock.