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