2025-12-25 03:27:22

Ethereum's recent market movements over the past two days are truly baffling. Gains are less than 100 points, and declines are similar, as if the pause button has been pressed. Last night, during the US stock market open, there was a sharp drop, followed by a quick rebound to 2960, but then it lost momentum. Now it’s back around 2945, fluctuating and grinding sideways. The core issue is clear—the market liquidity is severely lacking, trading volume has shrunk, and it's mostly retail investors self-consuming.

Currently, US markets remain closed, and tonight’s market is likely to be even more dull, with little hope for a meaningful breakout.

**Why is the news sentiment so "muted"?**

Major global markets are collectively entering holiday mode. US stocks closed early, will be fully closed on Thursday, and CME futures trading has also wound down early. The US federal government is taking a three-day holiday. This isn’t just a typical quiet market—it's a complete withdrawal of liquidity.

More importantly, the Federal Reserve’s stance is key. The market’s expectation that the Fed will keep interest rates unchanged in January has already reached 86.7%, with no expectation of rate cuts. While this somewhat stabilizes the market, it also shatters any illusions of a flood of liquidity.

**A "holiday market" in a double vacuum**

External conditions have fallen silent, macro policies are in wait-and-see mode, and Ethereum is trapped within a narrow range, lacking both upward momentum and downward pressure. This is the most frustrating kind of standoff during holidays—no technical signals, no news on the fundamentals, just waiting for time to pass.

ETH0.25%

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FrogInTheWell

· 5h ago

The holiday market is like this, just sit and wait, anyway it's not the first time. --- The liquidity withdrawal is well written, but how can retail investors still dare to stir at this moment? --- 2945 keeps stalling repeatedly, really making people want to fall asleep. Let's wait for the Federal Reserve to set the tone. --- The fantasy of a flood of liquidity has been completely shattered. Now it's just a matter of who can hold out until the next windfall. --- With no signals on the technical side and no news on the fundamentals, I choose to lie flat in this kind of market. --- The three days of US stock market closure are destined to be boring. Better go out for a walk. --- An 86.7% probability to maintain the interest rate, in other words, the market has long accepted it. --- The holiday stalemate, all indicators are useless, just a matter of trading time for space. --- With such poor liquidity, still expecting a breakout? Probably dreaming.

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zkNoob

· 5h ago

Holiday market conditions are like this, retail investors are fighting each other, really boring to death. Wait for the US stock market to open, anything else is pointless now. The big flood is indeed a bit uncomfortable, this wave is just about waiting it out. Fluctuating around 2945, I've already fallen asleep. The Fed's attitude, don't expect any surprises in the short term. Liquidity has really been drained to grandma's house, these past two days have been a pure waste of time. With this market, how can retail investors play? Just wait. Without large funds entering the market, why would it rise? The most annoying thing during the holiday is when it neither rises nor falls, it's torturous. Now it's all about patience, see who can hold on first.

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DeepRabbitHole

· 5h ago

Holiday market conditions are just tormenting people. The 2945-2960 range repeatedly kills retail investors. The Federal Reserve is not cutting interest rates, and liquidity has completely evaporated.

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ResearchChadButBroke

· 5h ago

Really, these past two days have been like I died; 2945 has been wearing down my mentality back and forth.

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rugpull_ptsd

· 5h ago

It's that torturous sideways movement again, making me want to sleep. Wait, 86.7% not lowering interest rates? Then what are we trading for? Holiday market is always like this, a false alarm and then it's gone. When liquidity dries up, retail investors start biting each other, it's tragic. The US stock market remains closed tonight, probably another day of grinding. If you don't understand, just ask—when will there be a clear and satisfying direction? This kind of market feels so congested, might as well stop watching.

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GateUser-75ee51e7

· 5h ago

The holiday market is like this, numb now, maybe go to sleep instead. --- With such poor liquidity, how can we play? Retail investors just keep cutting each other's leeks. --- The Federal Reserve isn't cutting rates, everyone is waiting for the right moment. Now we're just in the waiting stage. --- Repeatedly testing the 2945 level, so annoying. When will there be some progress? --- During holidays, you should rest. Instead, you keep staring at the charts and suffering. It's hilarious. --- No news, no signals, technical analysis is dead. This kind of market really can't be traded. --- Global holiday mode is activated. Ethereum is stuck as a salted fish, it's boring. --- No chance of rate cuts anymore. What are you still hoping for? Let's just keep sideways trading, everyone.

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GasFeeWhisperer

· 5h ago

Another frustrating market situation, really annoying. I'd rather just take a break and sleep. Holidays are truly a poison in the crypto world; liquidity dries up instantly, and there's no hope. The 2945 level keeps bouncing back; in my opinion, it's just waiting for the US stock market to open and give a direction. When liquidity is exhausted, it's time to rest. Instead of watching this, I might as well scroll through Twitter. This is the real "doll-like boredom," still grinding from 2960 yesterday and still dragging on. The Federal Reserve already said there's no rate cut in sight, so what's the point of expecting a big rebound? It's ridiculous. The entire market feels like it's been paused, retail investors just playing with themselves. Wait, is this normal operation during holidays? Anyway, I can't watch this anymore. With liquidity so dry, no wonder trading volume has plummeted. Switching to sleep mode. This kind of stalemate really destroys people. Either make a big move or stop messing around.

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