The Ethereum (ETH) market is at a critical juncture. From a Technical Analysis perspective, the daily chart of the ETH/USDT spot trading pair shows some interesting patterns.

Analysis shows that ETH may experience a downward price adjustment, expected to reach a low point of around 2373 USD. This could trigger a wave of short-term panic sentiment, but the market often reverses during extreme moments.

Then, we may see a wave of rebound, with prices expected to rise to around 3000 USD. This rebound could catch some bears off guard, especially those traders who have established large short positions at lower levels.

Next, the market may enter a consolidation period of about two months. During this time, the price trend of ETH may form a daily chart-level triangular convergence structure. This pattern often indicates that a significant breakout is imminent.

It is worth noting that once this triangular convergence structure is completed, ETH is likely to experience a large-scale upward trend, which may last for several months. This monthly chart level upward movement could attract more investors' attention.

However, investors should bear in mind that the cryptocurrency market is highly volatile, and any predictions carry uncertainty. When making investment decisions, it is essential to conduct thorough research and consider various possible market scenarios.