At 8:30 am Beijing time, the price of Ethereum is currently $2,600. From the daily K-line chart, the market of Ethereum presents a symmetrical triangle shape, and this triangle is tightening. Today is Friday. If there is no clear direction for today's market, then this week may continue to consolidate, the box space will become smaller and smaller, and the opportunity for operation will also decrease.

The daily K-line chart shows that the price of Ethereum has been fluctuating between the pressure level of $2,660 of EMA90 and the support level of $2,570 of EMA60, while EMA15 and EMA30 are also fluctuating up and down. The MACD indicator shows that the increase in volume has ended, and the differentiation of DIF and DEA has also come to an end. The bulls are currently facing strong pressure. Although the divergence has ended, the bulls have not opened up the situation. Instead, new resistance points have emerged, and the bulls may feel exhausted. The Bollinger Bands are also shrinking, with the upper rail pressure level dropping to $2,690 and the middle rail resistance point also moving down to $2,488. The KDJ indicator is shrinking, and the bears need to pay close attention to the key position of the bottom support. If this position is broken, the bearish trend may follow.

On the four-hour candlestick chart, the trend of the symmetrical triangle is more obvious, and the support point of EMA30 at $2577 is exactly at the support point of the symmetrical triangle. The MACD indicator shows a top divergence, and the volume is shrinking downward, and DIF and DEA are also spreading downward from high levels. The contraction of the KDJ indicator shows that the market still needs to consolidate in the short term, and the market is still in the contraction stage of the triangle. We need to be prepared for both hands and perform band operations within the range.