Ethereum's recent market is showing critical changes, with short-cycle technical structure momentum beginning to shift. The RSI trendline breakdown in ETH/USDT indicates that the previous uptrend momentum has clearly weakened, and the market is about to enter a new operating rhythm.

The ETH/BTC trading pair, while temporarily stable for now, has a structure approaching a critical point. Once it breaks through, it can easily trigger cascading effects and amplify subsequent volatility.

Often, prices show no obvious reaction, but internal momentum and structure have already changed ahead of time. Surface calm does not mean trend stability.
Currently, the overall market remains in a state of intertwined long and short factors. Mainstream assets appear resilient, but are actually more dependent on capital and sentiment support rather than solid foundational structure.

Combined with recent large-scale option expirations and key settlement nodes in traditional markets, while these don't directly set direction, they easily amplify existing volatility and accelerate trend formation.

Overall, the market is in a momentum transition period: upward momentum is slowing, and the new direction remains unclear.
The subsequent focus is no longer simply watching price rises or falls, but rather observing whether the structure continues to evolve and whether various trading pairs can form resonance.
In this phase, tracking changes is far more important than predicting conclusions.$BTC $ETH #以太坊L2叙事再升级