Ether is currently stuck in a clear large range of fluctuations, and I have marked the specific price points clearly.

As for how long this consolidation will last, there is currently no definitive answer, but there is a key logic: the longer the consolidation period, the more favorable it is for subsequent market trends.
The momentum accumulated during the consolidation period is often released in a concentrated manner after a breakout.
With tomorrow's monthly closing approaching, the battle between bulls and bears on this monthly line is almost evenly matched.
Focus on the strong support at the monthly line 3400: My personal judgment is that if this level is broken, the market is likely to enter a lengthy adjustment phase, and subsequent operations will need to be more cautious.
A few days ago, Powell's statement is also worth pondering. He said that the interest rate cut in December is not yet determined, and the main players are just using this news to harvest market liquidity.
But don't just focus on short-term fluctuations; in the long run, this is actually a positive sign: the market will re-bet on the expectation of a rate cut in December, and new funds will follow in.
Additionally, the U.S. government shutdown is also affecting market sentiment, and confidence is currently weak, which is closely related to this issue.
But common sense tells us that the government cannot keep "shutting down" indefinitely. When the official announcement for resuming operations is made, the market may welcome a wave of retaliatory surges.
In fact, during this period of volatility, it is a good time to closely watch for opportunities.
Key point break signals and changes in the news direction are the core for judging the future market.
I usually organize these market highlights and trading ideas. If you are also paying attention to Ether and want to discuss point judgments or chat about future opportunities, feel free to reach out to me anytime. #美联储如期降息25基点 #参与创作者认证计划月领$10,000 #十月降息预测 $BTC