Ethereum has recently entered a phase of oscillation and hovering. What are the reasons behind this phenomenon? Market analysis shows that ETH has consistently failed to break through the key resistance level of $2550, a fact that is worth our deep reflection.

The current market lacks sufficient bullish energy to push prices upward. Looking back at the recent trends, the overall market environment still leans towards bearish, which investors should have a clear understanding of. In this context, any short-term rallies that occur are likely just another entry opportunity provided for the bears.

From a technical perspective, the price of Ethereum hovering below the key resistance level usually indicates that the bullish strength is insufficient to push the price through the current range. In this case, investors need to remain vigilant and avoid being misled by short-term fluctuations.

Market expectations and macro events often have a significant impact on cryptocurrency prices, and recent macroeconomic statements may also be one of the factors leading to fluctuations in Ethereum prices. In such a market environment, maintaining calm analysis and focusing on changes in fundamentals may be a wiser strategy.