Ultimate sideways consolidation brewing change, ETH is at a critical watershed, decision on direction is just around the corner!

Technical Analysis:

Currently, ETH price continues to oscillate within a narrow range, with the market waiting for direction confirmation.

Key Indicator 1: BOLL channel significantly narrows, volatility drops to low levels, indicating that a major trend change is approaching. A valid breakout above the upper band opens up upward space to 2700+; a failure to hold the lower band may test the 2400 support.

Key Indicator 2: MA10 moving average shows signs of a top divergence, indicating that short-term upward momentum is weakening. Although selling pressure continues, strong buying support around 2524 may suggest that large funds are accumulating at lower levels.

Operational Strategy:

Conservative Suggestion: Avoid chasing highs at the current price.

Proactive Response: Consider lightly testing long positions in the 2524 support area, with a target of taking profit in batches near 2580. Strictly adhere to discipline: If the daily level effectively breaks below the key level of 2480, decisively cut losses and exit. Contract traders should be alert to volatility risks under high positions.

Core Dynamics:

Market focus is highly concentrated on the Federal Reserve's interest rate decision and Powell's speech at 22:00 Beijing time.

Macro Risks: If hawkish signals are released, the cryptocurrency market will generally come under pressure. The narrowing of CME futures premium has reflected some risk-averse sentiment.

On-chain Insights: Monitoring shows that this morning two new addresses have cumulatively purchased 15,000 ETH, combined with previous accumulation, large holders' cost base is around the 2500 area, possibly betting on a dovish outcome.

Cautiously respond to the trend change window: Stabilizing above 2500 allows for light accumulation, while effectively breaking below 2480 turns to a wait-and-see approach. Uphold trading principles: prioritize controllable risk.

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