1. Market Overview Based on the provided candlestick data, the current market price of ETH is 2958.27. Over the past 14 days, ETH has shown sustained high-level oscillation, reaching a high of 3069.07 and a low of 2866.11, with a relatively large fluctuation range, indicating certain market volatility and uncertainty. In terms of trading volume, the highest daily volume recently was 374133, and the lowest was 64835.9. From the daily K-line, trading volume has been above 100,000 for several consecutive days, indicating active capital. The 48-hour hourly K-line shows that ETH is consolidating mainly between 2950-2965, with hourly trading volumes mostly in the thousands to ten-thousands, highlighting a clear battle between long and short funds. Market news indicates a significant increase in on-chain activity and trading volume, related to distributed "airdrop," but also hints at potential security risks, with market sentiment divided. Analysts' opinions show a clear divergence between bulls and bears, with some favoring short-term pullback for support, while others emphasize ETH's relatively good performance against BTC, but overall following the market's oscillation, with a cautious market lacking clear direction. 2. Technical Analysis From a daily K-line technical perspective, ETH has fallen back from the high of 3069.07, currently at 2958.27, near the lower boundary of the two-week consolidation range. Short-term support zones are mainly at 2943.84-2921 and 2880-2890, which are also densely populated areas where the daily lows have frequently appeared over the past two weeks. Resistance levels are primarily at 2970.41 and 3000, with higher resistance in the 3069-3080 range. The daily K-line shows a gradual correction since the high a week ago, with a phased bottom gradually rising, indicating a roughly balanced market between bulls and bears, with no clear trend. The 48-hour hourly chart further reveals that the 2950 area repeatedly receives support, while the 2964-2970 zone has been a repeated resistance point, suggesting a continuation of narrow-range oscillation in the short term. Volume analysis shows significant trading in the 2900-2950 range on the daily level, indicating solid support in this zone. Hourly volume performance is moderate, with no extreme spikes or deep volume dry-ups, reflecting a cautious short-term sentiment. 3. News and Policy Interpretation According to recent news, on-chain activity and trading volume of ETH have significantly increased, mainly related to distributed airdrops and capital inflows, reflecting positive signs of on-chain ecosystem expansion. Additionally, Swiss private banks plan to offer ETH and other digital currency trading services to high-net-worth clients, indicating growing institutional demand. ARK Invest's push for crypto ETF registration also indirectly benefits ETH asset value. However, mainstream media warns of risks associated with rapid capital distribution and on-chain activity, which could pose security hazards. Comparing news events with K-line trends, while positive signals such as growing active addresses and ETF actions emerge, ETH has failed to sustain upward momentum and has instead oscillated at high levels, indicating that fundamental positives have not yet driven decisive short-term price movements. The market remains cautious, digesting positives and requiring technical repair. No new policy developments have been reported. According to policy data, there have been no relevant policy announcements in the past 24 hours, past week, or past month, with limited impact on prices. 4. Analyst Opinions Summary According to analysts from "Zero Crypto," "#ETH waits for a pullback to around 2890 USD, considering long entry opportunities," noting that this zone previously rebounded by 4.34%. This aligns with the lows at 2866.11-2890 and effective rebounds, emphasizing the importance of support levels. Analyst "Hammer Contract Trading" suggests "Stop-loss at 2960-3000, take-profit at 3040, flexible entries at 2920-2880-2840," highlighting weekend consolidation and mainly short-term short positions. This view is consistent with current resistance at 2950-2970 and provides forward-looking warnings for potential dips to 2880-2920. Another perspective from "Crypto Pank" emphasizes ETH's relative strength against BTC but advises close attention to overall market direction: "ETH is still relatively strong in the short term... as long as BTC can hold, ETH can retake 3370 and continue upward; otherwise, watch out for a dip to 2900-2890." This matches the current retreat from highs and short-term resilience, also indicating ETH's movement largely follows market sentiment and BTC trends. 5. Trend Forecast and Trading Suggestions Based on the above K-line analysis and analyst opinions, ETH is likely to remain within the 2950-2970 range in the near future, with downside support focused on 2920-2890. A break below this zone warrants caution for risks around 2840. On the upside, resistance is first at 2970, with strong resistance in the 3000-3040 area; unless a significant breakout occurs, rebound potential is limited. For aggressive traders, it is recommended to consider low buying near 2890 with strict stop-loss, and if the price stabilizes above 2970 with volume, look for opportunities to target 3000-3040. If the price falls back below 2920, position sizes should be controlled, and chasing above 3070 is not advised. For cautious traders, patience is recommended until a clear breakout of the range occurs. 6. Risk Warning Based on candlestick data, ETH remains in a high-volatility zone, with a 14-day high-low difference exceeding 200 points. Short-term oscillations are evident, with persistent resistance overhead. Investors are advised to be cautious about chasing highs. Particularly, if the price breaks below the support zone of 2920-2890, the market may accelerate downward, increasing adjustment and volatility risks. Although increased on-chain activity is a positive long-term sign, it can also trigger potential security issues related to capital distribution in the short term. Proper risk management and position control are essential. All conclusions and suggestions in this report are strictly based on the provided candlestick, news, and analyst data; please conduct your own due diligence.

#ETH走势分析 1-Hour Level Simplified Strategy - Retraced from the 3,403 high point, stabilized above 2,863, and moved sideways around 2,957 - Support: 2,863 (previous low), 2,900 (psychological level) - Resistance: 3,000 (round number), 3,133 (previous platform) - MACD is flat at a low level, short-term direction pending decision Bullish Strategy: - Entry: Hold above 2,960 (above the moving average) or stabilize after a pullback to the 2,900-2,920 range - Take profit: 3,000 → 3,133 - Stop loss: 2,880 Bearish Strategy: - Entry: Break below 2,940 or encounter resistance in the 2,980-3,000 range - Take profit: 2,900 → 2,863 - Stop loss: 3,020 Risk Reminder: Position size ≤ 5%, follow the trend after breakout/breakthrough, recommended to verify with 4-hour/day charts.