Recently, the overseas crypto community has been buzzing about an interesting phenomenon: XRP-related ETFs are attracting a continuous flow of funds, with holdings increasing by 40% year-over-year, yet the price of the coin remains stubbornly unchanged. This stark contrast has left many market observers puzzled. Institutional funds are pouring into XRP ETFs at a record pace, which should be a bullish signal. But the reality is—large amounts of capital are entering, and the price remains flat. Why is this happening? There could be several explanations. First, this might be a tactical move by institutions. They are accumulating positions through ETFs at low cost and have no immediate plans to push the price up and sell off. After all, the trading mechanisms of ETFs are not fully synchronized with the spot market, allowing institutions to quietly build their holdings. Second, regulatory uncertainty is playing a role. XRP has experienced legal disputes, which have kept many retail investors wary. As a result, a strange situation has formed: institutions keep buying, while retail investors are on the sidelines or even fleeing. This disconnect greatly weakens the upward momentum of the price. Third, market sentiment may be shifting. Amid the strong performance of BTC and ETH, the positive outlook for mid-cap coins like XRP can easily be overlooked. Crypto market hotspots are constantly changing, and recently, even some emerging projects are grabbing headlines. It’s also important to note that behind the data, there are many subtle details. The potential chain reactions caused by BTC’s volatility, the net inflow confusion from ETF redemptions, and dark flows in OTC off-market trading—all these factors could influence our market judgment. So, is XRP currently just gathering strength for a breakout, or are institutions playing a more complex game? This question may require more time to verify.

Recently observing the Ethereum market trend, it has been found that the diffusion platform has evolved into a quite critical node. Specifically, the A wave of C wave 5 is about to complete, and this correction wave pattern shows characteristics of a platform correction plus an X wave, with a triangle formation connecting in the middle. The triangle formation is about to break out. What does this mean? It indicates that the A wave c trend is about to start, which means the downward trend is not far off. Why make this judgment? Wave theory tells us that every correction is a prelude to the next main wave. Opportunities often arise from declines—the key is whether you can understand this theory and seize every turning point. For mainstream assets like Ethereum, understanding the wave rhythm is equivalent to understanding the market rhythm. Now is the accumulation phase. Be prepared and wait for the moment when the pattern completes.

Take a look at the weekly trend of Ethereum. Since the decline from the high of 5100, it has been oscillating around 3000. The middle band of the Bollinger Bands continues to be pressed downward, indicating that the downtrend has not truly reversed. The MACD death cross continues to ferment, and the bears still have some strength— but this momentum is gradually weakening, and it won't keep falling forever. From a short-term trading perspective, my advice is not to rush into chasing. The 3100 to 3200 area is a clear resistance level. Any rebound should be viewed as a selling opportunity, and don't be greedy. Looking downward, 2800 to 2900 is the real support. As long as the weekly chart does not break below this, consider low-buying opportunities to catch rebounds. Currently, it's a typical range-bound trading rhythm—resistance above, support below, oscillating within this framework. When the weekly chart can break back above the Bollinger middle band, it will be worth considering a bullish trend. Until then, patience is still required.