1. Market Overview Based on the latest K-line data, Ethereum (ETH) currently shows stable and positive market performance. According to the most recent hourly K-line (close=3132.41), the current ETH price is confirmed at 3132.41. The daily K-line over the past 14 days indicates that ETH prices have oscillated upward from a low of 2937.91, reaching a high of 3296.84, with obvious fluctuations within the overall range, reflecting market recovery and attempts to push higher after a phased adjustment. In the past two days, hourly K-lines have shown ETH rising stepwise from around 3086.72, with gradually increasing volatility and some support at higher levels. Regarding trading volume, certain high-volatility periods (such as during high points in daily K-line breakthroughs) have seen significant volume spikes, indicating intense battles between bulls and bears, but the current range has become relatively stable. Market sentiment, according to analyst and news feedback, is somewhat cautious in the short term but not panicking. ETF outflows and weakening social sentiment have exerted some pressure, but have not caused significant declines, indicating increased wait-and-see behavior among mainstream players, with frequent switching of funds within ranges.

2. Technical Analysis Reviewing the 14-day daily K-line, ETH has formed a wave within the 2937.91-3296.84 range, experiencing two volume surges during upward movements (at 3296.84 and previously at 3224.99), followed by a pullback and sideways consolidation between 3097.24-3147.27. The latest close is at 3132.41, approaching the short-term high of 3132.67, indicating that buying pressure remains dominant. Support levels are strongest at 3097.24 (the latest daily low), with secondary supports at 3084.46 and 3077.99 below. On the hourly level, multiple stabilization attempts have occurred in the 3090-3110 range. Resistance levels are near 3132.67-3147.27; breaking through these will test previous highs at 3168.72 and 3296.84. Volume analysis shows that in the past 48 hours, volume spikes mainly occurred during price rallies, especially when daily rebounds and hourly high breaks occurred simultaneously, suggesting a bullish bias. The overall trend remains in a oscillating upward channel, with short-term pullbacks not breaking key supports, maintaining a bullish trend. Moving averages are aligned in a bullish configuration, with hourly and daily averages above previous levels, indicating strong momentum.

3. News and Policy Interpretation On the news front, recent reports focus on ETF fund outflows, institutional pledges, and on-chain security issues. On one hand, ETF investors have experienced a significant outflow of about #ETH/USDT多头买入:3075-3038 75 million, with ETF itself under considerable outflow pressure; on the other hand, large institutions (such as Bitmine) continue to pledge large amounts of ETH, reflecting active on-chain financial activities and possibly increasing overall market liquidity demand. Regarding security incidents, the Truebit hacker laundering through Tornado Cash has raised alerts about DeFi security, but no sharp volatility has been observed in the K-line, indicating investor reactions to negative news remain relatively rational. On the policy side, based on available data, there have been no major policy changes in the past 24 hours, the past week, or the past month. The policy vacuum period means that market price fluctuations are mainly driven by market mechanisms and sentiment, with no external rigid influences in the short term. From the news and K-line reactions, despite large institutional pledges and security incidents, ETH’s overall price trend remains steady, showing that short-term bulls still hold the initiative.

4. Analyst Opinions The provided analyst views are clearly bullish: 1. “Click above to join the crypto channel TP1:3140 TP2:3177 TP3:3257:2984, leverage recommended ≈10X-75X.” 2. “Long positions on ETH and ZEC, all profit-taken.” 3. “Congratulations again to friends who followed ETH and ZEC longs, ETH yield 40 points... near ETH market price... all profit-taken.” 4. “ETH entry direction: long; entry zone: 3090-3100; stop loss: 3041; take profit: 3117/3217.” Most analysts recommend entering long positions around 3075-3100, with partial profit-taking at 3117-3217, which aligns with the current price or slightly higher ranges, indicating probable profit-taking needs in the near term. Note that some analysts advocate “all profit-taking,” and considering the recent sharp rise, the market may face short-term profit-taking pressure, but no major reversal signals are observed in the bullish trend.

5. Future Trend Forecast and Trading Suggestions Based on K-line structure and analyst advice, ETH is likely to maintain high-level oscillation with upward attempts. Support is concentrated around 3090-3100; consider gradually building positions on dips with stop-loss below 3041. The first upward target is at 3140-3168.72; if the 3147.27 resistance is broken, next targets are 3217 and the previous high at 3296.84. Aggressive investors may consider buying on dips around 3090-3110, with partial profits at 3140, 3168, and 3217. Conservative investors should wait for a confirmed breakout above 3132.67 before chasing higher, paying attention to volume confirmation to avoid false breakouts. If a clear pullback below 3090 occurs, stop-loss should be executed promptly.

6. Risk Warning ETH is currently in a high-level correction after a previous breakout. Based on the past 14 days and 48 hours of K-line data, the price has risen rapidly and faces resistance above 3132.67. If volume weakens, high-level oscillation may intensify. Critical supports are at 3097.24 and 3084.46; losing these could trigger a decline to 3050 or further down to 3041-3000. Potential negative factors such as ETF outflows and security incidents still exist, requiring close attention to news surprises. When large profit-taking occurs, the market may retreat further. Highly leveraged traders should strictly control positions and set stop-loss levels prudently. In summary, Ethereum remains strong, but traders should closely monitor volume, key supports, and market sentiment, prioritize defense, and manage risks reasonably.