The first thing I do when I wake up in the morning is open the market analysis software. It’s not that I’m overly competitive, but recent ETH performance has really caught my attention. The market always gives off a feeling of an impending storm, as if something big is brewing.
Let’s talk about the current situation. ETH is now stuck around $2972. Its recent trend has been mainly sideways—neither rising significantly nor dropping sharply. Many people are getting a bit annoyed by this dull rhythm. But here’s the key point: the calmer it looks, the more we need to stay alert. Based on long-term monitoring experience, this seemingly boring sideways movement is actually a tug-of-war between bulls and bears, waiting for a trigger to break the deadlock.
Two signals that cannot be ignored have emerged.
First, look at the RSI sentiment indicator—currently at 46.1. This level is very delicate, not overbought or oversold, just right between the two. In other words, the market is in a state of “collective hesitation”: bullish traders are reluctant to add positions recklessly, fearing being caught in a trap; bearish traders are also watching, afraid that bottom-fishers might get caught. Once this tug-of-war is broken, it could lead to a one-sided trend—either a rapid surge or a sharp decline. That’s why it’s crucial to keep a close eye on the order book.
Next, observe the changes in the order book—this is key to determining the breakout direction. Recent order placements have started to show subtle shifts, with some signals brewing.
In summary, this is a critical juncture, and the next directional move will be very important.
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SoliditySlayer
· 23h ago
It's been consolidating for so long, feeling like we need to wait for a trigger point to break through.
ETH is stuck here, with RSI at 46.1, in an awkward position, nobody dares to move.
Are the order books tilted? Let's take another look.
The most annoying thing is the endless feeling of an impending storm.
Breaking the level is the true way.
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PebbleHander
· 23h ago
Breaking 2972 will be the real test. This sideways movement is really annoying right now.
RSI is stuck in the middle; no one dares to move.
Waiting for the trigger point; feels like it's going to explode.
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EntryPositionAnalyst
· 23h ago
Just sideways trading, so be it. Anyway, I can wait, I'm just worried about a sharp drop trapping me.
Honestly, RSI at this level is actually the easiest to smash. Don't be fooled by those who watch the market obsessively.
I'm already tired of ETH at this position. When will it break through?
Key levels? Every day is a key level. The key still depends on how the funds move.
Recently, order placements are skewed... I've heard this many times, but it still just drags on.
Is the 2972 barrier really that hard to break? I bet it will continue to fluctuate for another week.
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HashBard
· 23h ago
nah the way eth's just sitting at 2972 like it's deciding whether to moonshot or freefall... that rsi at 46.1 hits different. everyone's holding their breath fr
the silence before the storm type beat honestly. market psychology at its finest—nobody wants to be the bagholder when it breaks
Reply0
RiddleMaster
· 12-24 23:29
Breakout imminent, keep an eye on the 2972 line
RSI46 is really amazing, both bulls and bears are betting on who moves first
Breaking the deadlock depends on the next K-line
Consolidation tests the patience the most, feeling tired
Details of order skewness cannot be missed, it feels like it's coming
Collective hesitation? I'm already ready to hit the gas pedal
View OriginalReply0
IAmSkyBlue.
· 12-24 23:24
After all this talk, I finally got one thing right: it's either going up or down, that's what it means, right?
The first thing I do when I wake up in the morning is open the market analysis software. It’s not that I’m overly competitive, but recent ETH performance has really caught my attention. The market always gives off a feeling of an impending storm, as if something big is brewing.
Let’s talk about the current situation. ETH is now stuck around $2972. Its recent trend has been mainly sideways—neither rising significantly nor dropping sharply. Many people are getting a bit annoyed by this dull rhythm. But here’s the key point: the calmer it looks, the more we need to stay alert. Based on long-term monitoring experience, this seemingly boring sideways movement is actually a tug-of-war between bulls and bears, waiting for a trigger to break the deadlock.
Two signals that cannot be ignored have emerged.
First, look at the RSI sentiment indicator—currently at 46.1. This level is very delicate, not overbought or oversold, just right between the two. In other words, the market is in a state of “collective hesitation”: bullish traders are reluctant to add positions recklessly, fearing being caught in a trap; bearish traders are also watching, afraid that bottom-fishers might get caught. Once this tug-of-war is broken, it could lead to a one-sided trend—either a rapid surge or a sharp decline. That’s why it’s crucial to keep a close eye on the order book.
Next, observe the changes in the order book—this is key to determining the breakout direction. Recent order placements have started to show subtle shifts, with some signals brewing.
In summary, this is a critical juncture, and the next directional move will be very important.