Recently, the Ethereum (ETH) market has shown a clear consolidation trend. Yesterday, the ETH price oscillated between 4200 and 4250 USD, briefly touching the 4300 USD mark, but quickly falling back. As of now, the ETH price is still hovering in the range of 4250 to 4270 USD, failing to break upward.

From an overall perspective, this prolonged range-bound oscillation may indicate that there is still downward pressure in the market. Typically, if the market has strong upward momentum, it would not stay in such a narrow price range for so long. It is worth noting that ETH has been oscillating within the range of $4200 to $4300 for a full day, and this sustained sideways movement may suggest a temporary balance of power between bulls and bears.

However, market trends are often difficult to predict, and investors need to closely monitor breakout signals. If ETH can strongly break through the resistance level of $4300, it may attract more buying interest, driving the price further upward. Conversely, if it falls below the support level of $4200, it may trigger a new round of decline.

In this uncertain market environment, investors should remain vigilant and manage risks effectively. At the same time, attention should be paid to the fundamental developments in the Ethereum ecosystem, such as network upgrades, progress in DeFi projects, and other factors, as these may have a long-term impact on ETH prices.