The current Ethereum market has attracted the attention of many investors. Analyzing from multiple angles, we can make some judgments about its future trends.

Firstly, from the perspective of price action, the current price of Ethereum has reached the expected target position and has shown a pullback. This means that the second wave of the upward movement may have ended, and the market may be entering a new phase.

Secondly, looking back at history, after each major price surge, the market usually undergoes a period of consolidation. This consolidation period often presents itself as box fluctuations or triangular patterns, lasting more than 40 days. At present, it seems that the market is not yet fully prepared for the next price momentum.

Furthermore, from the perspective of market trading psychology and transaction volume analysis, when prices reach a peak and begin to stagnate, both buyers and sellers enter a psychological game phase. Sellers hope for further price increases to achieve better selling prices, while buyers anticipate a price drop to buy at lower prices. This process typically takes longer than a week to complete. Only when the transaction volume gradually decreases and prices no longer drop significantly can new upward opportunities arise.

Currently, the market seems to be in a consolidation range. In the future, there may be a situation of range expansion, meaning that the price could break through the upper and lower boundaries of the original range, forming a new fluctuation interval. Therefore, investors can follow the upper and lower boundaries of the range and consider entering when a false breakout or a volume engulfing occurs. It is not recommended to adopt a strategy of placing limit orders.

It is important to emphasize that this is just a personal analysis based on the current market situation and should not be regarded as investment advice. Investors should make decisions based on their own risk tolerance and investment goals. It is crucial to remain cautious and rational in the cryptocurrency market.