The market's silence is making people feel anxious. The Bollinger Bands have reached their extreme, and the K-lines are gradually moving inward. This rhythm is exactly the same as the night before last year's sharp surge.

Early this morning, Beijing time, while everyone was still debating whether ETH could return to $3000, I noticed a new development on the hourly chart. The price has been bouncing within an increasingly narrow range, with decreasing volatility. This symmetrical triangle convergence pattern, even an old-timer with ten years of experience can recognize — it’s a sign that the market is about to move.

Having immersed myself in the crypto space for years, I know very well what this eerie calm signifies. Market liquidity is rapidly drying up, and the distance between the upper and lower Bollinger Bands is now less than 100 points. Before a storm, it’s always this quiet.

**Technical details are right in front of us**

The ETH hourly chart looks like a textbook example. The price is oscillating within a narrow range, with each rebound's high lower than the previous one, and each dip's low higher than the last — this is a true reflection of the current battle between bulls and bears.

Key signals have already appeared:

The Bollinger Bands have compressed to recent extreme levels. Such extreme contraction often indicates that a big move is imminent. It’s not a slow drift; it’s a genuine surge of volatility.

What’s more interesting is that beneath the seemingly calm surface, there are already undercurrents. Recently, the bodies of the hourly candlesticks have become smaller, and bullish candles are showing signs of increasing volume. This suggests that selling pressure is waning, and the buying force on dips is gradually accumulating.

Although the MACD is still oscillating around the zero line, the green energy bars are already shrinking. The entire indicator system is waiting for that critical point. The market is like a bow pulled tight, just waiting for someone to release the tension.