Ethereum’s current price action still appears closely linked to how Bitcoin resolves its broader range. From a structural perspective, a move below recent local lows would not be unusual. ETH has historically shown a tendency to trade through visible support levels and trendlines in order to clear resting liquidity before any sustained continuation. These types of moves are often misread as breakdowns when, in reality, they can simply be part of the market’s process.
What stands out more than direction at the moment is compression. Volatility has remained relatively muted for an extended period, and when ETH enters this kind of environment, expansion typically follows. Whether that expansion begins with a downside sweep or a reclaim of current levels is still uncertain, which is why I’m avoiding strong directional bias for now and letting structure guide expectations rather than predictions.
In the meantime, I’ve been focusing on staying engaged with onchain activity without forcing trades. Personally, that has meant participating in routine Onchain execution while the market continues to develop. As part of that process, I’ve taken part in Bitget current Onchain challenge, not as a trading signal or recommendation, but simply as a structured way to remain active during a slower, more indecisive market phase.
One observation from that experience is that BGB functions primarily as a utility token tied to platform usage rather than short-term narrative trading. Gaining exposure through participation and activity feels fundamentally different from speculative positioning, especially for those thinking in longer time horizons.
For now, ETH remains a market where patience, liquidity awareness, and structural context matter more than conviction.
ETH market structure and liquidity considerations into year end
byu/IcyAstronomer9999 inethtrader
Posted by IcyAstronomer9999