The recent performance of the Ethereum (ETH) market has left many investors puzzled. The price movement exhibits a unique pattern: it declines slowly and steadily, while displaying strong buying pressure when it rises. This erratic market behavior has made it difficult for many traders to find direction, frequently switching between bullish and bearish positions.

From a macro perspective, there may be more positive news in the future, which has brought a certain level of optimism to the market. However, the current market condition resembles a consolidation period, which not only cleanses weak holders but also tests the patience and judgment of investors.

Near the support level, can investors overcome their fear? Near the resistance level, can they suppress their greed? This volatile market seems to constantly challenge traders' psychological defenses, and the game between institutions and retail investors complicates the situation even further.

Although technical indicators may show a pullback signal in the short term, the market still demonstrates the potential for a breakout over a longer time frame. After multiple rounds of oscillation and flushing, the bullish forces have not shown significant weakness, and the bearish forces have not demonstrated particular strength.

In this market environment, it is particularly important to maintain rationality and restraint. Excessive confidence or fear can lead to misjudgments. For investors who believe in the long-term rise trend, reasonably controlling positions and avoiding letting emotions affect decisions will be the key to success in this challenging market.