#ETHProspects The overall trend of ETH on the Order Book is weaker than BTC. Yesterday's second attempt to break the previous high was blocked and fell back to the support level of 3183. The current price is around 3200, fluctuating above and below the 14-day moving average on the four-hour chart. The overall activity area of the triangle is gradually narrowing, and the long and short game has not continued. The MACD has completed the conversion, and the short-term trend fluctuates within a narrow range. Currently, although the fall has stopped, the rebound is not strong and there are signs of retracement. From the perspective of the daily candlestick, the market is in a range-bound state with a fluctuation range of less than a hundred points. The candlestick pattern has consecutive declines from the high point, showing a high-level oscillation trend.

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Although ETH has been falling recently, smart money is frantically accumulating! Data shows that the accumulation rate of ETH is soaring, and investors see the current pullback as a 'golden buying point'. Coupled with the high leverage ratio in the futures market, market sentiment is undoubtedly extremely bullish. What's even more explosive is that the liquidity of ETH on exchanges is sharply declining, with the stock-to-flow ratio soaring to 67.57, indicating extreme scarcity! This means that the HODL army is gathering strength, preparing for the next strong breakthrough. At the end of the consolidation phase, a price surge may become inevitable! The current market dynamics not only indicate bullishness but also suggest that ETH is likely to break out of the oscillating range of $3000-3500 and move towards higher targets.