Looking at ETH on the daily and 4-hour charts, the oscillation range is clearly contracting—shifting from the previous wide swings to increasingly narrow movements. Trading volume has also shrunk significantly.

This is institutions preparing their big move and positioning ahead of time. The script is basically written: most likely we'll see a sharp downward wick first, dropping to around 1950-1900, which will shake out some weak holders at the daily level. Then it will quickly bounce back and surge strongly—exactly like the move we saw back in May of last year.