ETH Latest Market Report: Current price is $3,098, down 0.65% over the past 24 hours, with a 24-hour trading volume of $20.99 billion, a market capitalization of approximately $374 billion, and a volatility range of 3.46% (touching a low of $3,066 and a high of $3,171).

From a technical perspective, the 4-hour chart shows a typical oscillating consolidation pattern. The buying momentum from the bulls is clearly insufficient, and the price is in a phase of repeated confirmation within the range. Key support levels to watch are $3,065 (yesterday’s low) and $3,030 (a previous bottom). On the resistance side, $3,170 (24-hour high) and $3,200 (psychological level) are critical pressure zones.

Regarding technical indicators, the RSI is in a neutral to slightly weak position, the 50-day moving average continues to provide upward support, and the 200-day moving average is also gradually rising, indicating that the medium-term trend remains bullish. However, there is a clear short-term correction demand, and the current focus is on whether these support levels can effectively hold.

On the news front, institutional staking activity remains active—Bitmine recently increased its ETH stake by 154,000 tokens, demonstrating confidence among large holders. Ecosystem activity in DeFi and NFT sectors is also heating up, with on-chain trading volume showing signs of recovery. On the downside, macro interest rate hike expectations continue to suppress risk assets, and some profit-taking sell-offs are present in the short term. Currently, there are no major breaking news events; the market is mainly driven by technical patterns and capital flows.