#币安HODLer空投MMT ETH has indeed been showing some volatility lately, and it's crucial to keep an eye on the $3,300 level. Once it hits and retests this point, many traders might instinctively expect further declines. However, such retests often gradually reveal support strength on the candlestick charts. If this support holds, we could see sideways consolidation for about a week, helping to absorb previous selling pressure. After this correction phase, the $3,600 level might become the next target.

From a capital perspective, Ethereum ETFs experienced six consecutive days of outflows, but yesterday, they finally turned into net inflows. However, the inflow volume remains modest, indicating that funds are still testing the waters, and institutional investors aren't overly aggressive at this moment. During such times, there's no need to rush into heavy positions. Waiting for a clearer trend before gradually adding to positions is a more prudent approach.

On the macro front, the outlook isn't very optimistic. The U.S. government shutdown has been extended further, which naturally tightens market sentiment. Coupled with the recent continuous pullback in the U.S. stock market, the crypto market is also being dragged into this tense atmosphere. At this stage, holding some cash reserves might be the more rational choice. Once the government reopens and market sentiment improves, the market is likely to stabilize and gradually rebound.

While sideways trading can be tough to endure, the market won't pause just because traders feel uncomfortable. Consistent profitability is always achieved by a minority, and often, profit opportunities are fleeting. If you're uncertain about the overall trend, it's better to watch more and act less, waiting for clearer signals before making moves.