On Sunday at 19:40, $ETH 8.24, the Ethereum trend is quite interesting. The price has barely moved with a 24h increase of 0.61%, but the trading volume has sharply shrunk to 2.91 million Eth, compared to over 9 million yesterday. This is a key signal.

① The price is tightly squeezed between three important moving averages (MA7/MA25/MA99), all within this extremely narrow range of $20 from 4744 to 4764. This convergence of moving averages and shrinkage in volume usually indicates that the market is gearing up for a big move.

② A short-term directional choice is imminent; this consolidation with shrinking volume is not sustainable and will soon choose a direction.

An upward breakout signal requires a volume breakout above 4816 (24h high) and a stable position above 4800, with targets looking at 4850–4900.

③ A downward breakdown signal, if volume breaks below 4688 (24h low), may retest the 4650–4600 area. It may also continue to oscillate, but the longer the oscillation lasts, the greater the subsequent volatility.

④ Never chase after rising prices or sell in panic. Within the range of 4690–4810, avoid trading as it can be risky. Wait for a pullback to the support level to position yourself; if it stabilizes around the 4600–4650 area, consider gradually building long positions.

After breaking below 4688, short with light positions targeting 4650, stop loss at 4710.

After breaking above 4816, chase long with light positions targeting 4850, stop loss at 4790.

The trading volume has dropped from the previous tens of millions to 2.91 million, indicating a strong wait-and-see sentiment in the market, with both bulls and bears hesitant to act. Remember to use stop losses when entering the market to protect your capital; this current market is very prone to sudden spikes that can catch traders off guard!!!