The overall movement of ETH is weaker than that of BTC in the order book. Yesterday, the attempt to break high failed to surpass the previous high and reached a maximum of 3367 and pulled back. The price fell to the support zone and rebounded around 3183, and is currently trading near 3200. In the four-hour chart, the market is oscillating around the 14-day moving average in a triangular area with increasingly narrow activity. The fighting between bulls and bears has not continued, and the MACD has completed the death cross with the two lines pointing downward. The short-term movement shows an insignificant fluctuation, with a narrow range. Although the fall has stopped, the rebound is not strong and there are signs of backwardation. In the daily chart, the market is in a range of oscillation, with a fluctuation of less than one hundred points up and down. The Japanese candles have been bearish at the top, and the overall movement shows oscillation at high levels.

💎
💎
Despite the recent fall of Ethereum, smart investors are accumulating madly. Data shows that the rate of Ethereum accumulation has increased rapidly, and investors consider the current correction as a "golden buying point". Furthermore, with high leverage in the futures market, market sentiment is extremely bullish. The most explosive thing is that Ethereum liquidity on exchanges has reduced drastically and the supply-demand ratio has increased to 67.57, which means HODLers are accumulating to prepare for the next wave of advances! At the end of the consolidation range, a price momentum may be inevitable! The current market dynamics are not only bullish but also suggest that Ethereum may break the consolidation range of $3000-$3500 and move towards higher targets.