Why has ETH been struggling since the pullback on the evening of the 25th?
Main force washing the盘:
From 4310 to 4450, then sideways around 4420, it's actually the main force clearing out floating chips.
They want to repeatedly grind at key positions, forcing retail investors to cut losses and short-term players to lose patience, waiting for the selling pressure to be completely released before initiating the next wave of market movement.
U.S. stock market linkage + uncertain news:
The U.S. stock market has shown weak trends recently, suppressing market sentiment. As a high Beta coin, ETH's ups and downs are magnified.
Without major positive news, funds are more willing to go sideways, unwilling to push prices higher directly.
Many long-short traps:
If you look at the trends over the past few days, they are basically — false breakout → pullback triggering stop losses → then pull back to the original position.
This is a typical oscillating market, aimed at playing both long and short positions.
This is why it seems “struggling,” but in reality, this is a buildup.
Chip turnover area:
Around 4420 has become a short-term chip concentration area. As long as it stays sideways for a long time, once it breaks out with volume, it will either shoot straight to 4600+, or directly drop below 4300.
Don't find it boring; the longer the sideways period lasts, the more explosive the breakout will be.
My view
In the short term, it is indeed struggling, and the main force is wasting time.
But as long as it holds above 4300, the structure is still leaning bullish.
The real key point is at 4650; once it breaks and stabilizes above, there’s a chance to surge to 4800.
Advice for retail investors
Don’t focus on every small fluctuation; oscillating markets are the easiest to be harvested by the main force.
Limit your position to within 30%, and don't set your stop loss too close; extend the range.
In a volatile market, it's not about direction but patience.
