The trading atmosphere in the Ethereum market on Saturday was sluggish, and the price movements were extremely slow, continuing to show a narrow range of fluctuations, with intraday volatility nearly stagnant. Although the short positions established earlier have successfully entered the market, they have not yet achieved considerable profit due to the extreme convergence of market conditions.

From a technical perspective, the daily candlesticks are closely arranged, with volatility continuously narrowing. The short-term and medium-term moving averages are intertwined, forming a state of deadlock, which fully reflects the market's strong wait-and-see sentiment. Currently, both bulls and bears are balanced, making it difficult to form an effective breakout. Based on this, it is expected that Ethereum will continue its oscillating trend in the short term, with the possibility of further downward movement.

It is recommended to short Ethereum near 2450-2480, with a target of 2350. #以太坊ETF #行情预测