Surprise! ETH is brewing the biggest market shift of the year; if you miss it, you'll have to wait another three years!
Currently, the market trading volume has sharply decreased, and the short-term trading volume moving average has fallen below the long-term moving average, indicating that people are not very willing to trade. This situation often signals that a market shift is imminent.
Additionally, the MACD indicator's red and green bars are getting shorter, suggesting that the downward momentum is quietly building up, and the risk of short-term adjustments is increasing. However, from the chip distribution perspective, there is a significant amount of trading volume around the $3000 mark, which is highly recognized by the market. If the price drops to this level and stabilizes without breaking it—such as showing a long lower shadow or a strong rebound—it could likely trigger a wave of upward movement.
Personally, I believe that in the coming days, the market may choose a direction. Whether this support level can be maintained is crucial, so I recommend paying close attention to stabilization signals around the $3000 mark.
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