ETH oscillates and gathers strength, the "golden wash" before the next surge?

"The consolidation in a bull market is not the end but a midway gas station—Ethereum is using oscillation to create space!"

This report from Matrixport can be considered a "concrete warning": Although ETH maintains an upward trend, momentum has clearly slowed down, and it is about to oscillate between $4355 and $4958, and may even retest the $4350 support. This directly confirms the core contradiction in the current market—bulls want to push higher but lack incremental funds to continue, needing time to gather strength.

In my view, this wave of oscillation is actually a healthy trend. Looking back at May when ETH surged from $2900 to $4000, it consolidated for two weeks at $3600 before violently jumping 30%. Current ecological benefits are constantly emerging (BlackRock's ETH trust approval, Vitalik's call for L2 expansion), but the delayed expectations of Fed interest rate cuts make large funds hesitant to go ALL IN, leading to a "grind it out" mentality at high prices.

The impact on the crypto-circle has three points:

1.

Altcoins may come under pressure: As the leading altcoin, funds may flow to competing chains like SOL and AVAX during ETH's consolidation

2.

Contract players face a squeeze: With a nearly $600 oscillation range between $4958 and $4355, the liquidation rate will rise sharply

3.

Dollar-cost averaging enthusiasts welcome an opportunity: If it retests $4350, it will be a golden opportunity for mid-term positioning

It is particularly noteworthy that Matrixport accurately predicted in 2023 that BTC would break $30,000, and this warning for ETH deserves high attention. But remember: institutional bearishness is not necessarily a vacuum; sometimes it is just to accumulate at lower levels.

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