According to @rektcapital, Ethereum (ETH) is currently experiencing a consolidation phase, with significant liquidity positioned above current price levels, indicating a buildup that may precede a major upward breakout. Traders are closely monitoring resistance zones and waiting for a catalyst, such as a major news event, to trigger increased volatility and potential price surges. This setup offers opportunities for breakout trading strategies, with particular attention to liquidity pools and order book dynamics as cited by @rektcapital.