Ethereum's big pancake is comfortable and irritating, the small rebound just hoped for quickly fizzled out, wandering in a narrow range throughout. Yesterday, big pancake surged near 90,000 but lost momentum, trading sideways between 89,300-90,300 all day, and after the US session, it even dropped to 88,500 before stabilizing. Now it's just grinding around 89,500. Ethereum is the same, just above 3,000 but stuck between 2,970-3,040. During the US session, it once fell to 2,910, and after a rebound, it only fluctuates around 2,950, showing no improvement in weakness.

Last night, the US November PCE data met expectations, and the Federal Reserve is basically set to keep interest rates unchanged next week, but this news did not boost the crypto market at all, as the market lacks core positive catalysts to drive sentiment. From a technical perspective, both big pancake and Ethereum have returned to the lower Bollinger Band. The short-term MACD shows slight signs of recovery, but RSI has flattened with no momentum, so rebounds are likely to face resistance.

$BTC Big pancake's key resistance is 90400-92000, support 88000-88500; $ETH Ethereum's resistance is 3050-3150, support 2900. Today, Japan's central bank interest rate decision and US consumer confidence index will be announced, to see if they can break the oscillation. Short-term, it is recommended to observe and not rush.