$ETH ‌Current price: $3202.22



Direction: Bullish

Reasons:

1. Unusually high net inflow into contract funds over 24H, 24H increase of +4.42%, trading volume up 35% compared to the previous day, strong bullish support.

2. 1-hour MACD golden cross continues, RSI at 55.3 in the neutral-to-bullish range, not yet overbought, bullish momentum remains strong.

3. Price is holding above the 23.6% Fibonacci retracement level ($3185), breaking through the $3200 psychological barrier, confirming the short-term uptrend.

4. After the Fusaka upgrade, network performance improved, Layer2 ecosystem TVL surged, both fundamentals and technicals are positive.

Support levels:

1. $3120 ( uptrend line, strong intraday support )

2. $3080 ( MA20, medium-term support )

Resistance levels:

1. $3250 ( intraday high, short-term resistance )

2. $3300 ( psychological level, strong resistance )

Recommended take profit: $3280, stop loss: $3100
ETH-2.53%
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