#以太坊行情解读 $ETH's recent trend is quite interesting. From a technical perspective, the price is running on the right side of the downtrend line, which essentially indicates a bullish trend. Although the bullish line's body gradually shrinks when breaking the trend line, the key point is that it hasn't fallen below, and this detail is very important.

Currently, a rectangular formation is being formed, and this consolidation pattern has a characteristic - it maintains the original direction of the breakout. The previous trend was a pump, so the probability of a breakout is largely upward. Looking at the smaller candlesticks, the oscillation range has already exceeded 50% of the rectangular zone, indicating that momentum is accumulating.

Once this period of fluctuation ends, the possibility of breaking upwards is quite large. At that time, it is very likely to set a new high, which is a common pattern of rectangular breakout. Now it's just waiting for that critical point.