According to the latest K-line data, the current closing price of ETH is 4535.11, positioned within a recent oscillating upward phase at a local high point. The daily K-line over the past 14 days shows that the ETH price has gradually rebounded from a low of 3874.36, with significant upward momentum, experiencing a sharp increase in volume (575,711 contracts) leading to a bottom rebound, followed by an increase in price accompanied by trading volume. The trading volume in the last two days has remained relatively high (318,439 and 129,717 respectively), indicating that mainstream funds still have the intention to enter and exit. The hourly K-line over the past 48 hours reflects active price fluctuations, with a high point reaching 4618.17 and a low touching 4523.45, stabilizing within a fluctuation range of less than a thousand dollars, with peak hourly trading volume around 43,427.3, indicating high short-term activity. From the market sentiment perspective, mainstream analytical views are generally bullish, and combined with relevant news, the market has high expectations for the upward prospects of ETH. Meanwhile, some on-chain large holders have continued to transfer ETH to exchanges, which requires caution regarding concentrated selling pressure. 1. Technical Analysis: Support and Resistance Levels — The daily K-line's highest point appeared in the latest bar within the last 14 days, with a high of 4618.17, forming the main short-term resistance level. The historical low was 3867.65 from 14 days ago, with a significant local low. The current strong support is in the 4480-4460 range (confirmed multiple times without significant breaks), with recent trading concentrated around the 4480 line. — The hourly K-line has had significant fluctuations in the past 48 hours, with a key short-term support level at 4523.45, above the rebound starting point of 4467.05. The main upward resistance is near 4556.63 and 4590.35; if effectively broken, it is expected to challenge the previous high of 4618.17. 2. Trend Judgment — From the daily K-line changes, ETH has experienced an upward movement from 3874.36 to 4516.74, with short-term consolidation, but no obvious head-and-shoulders pattern has emerged. — In the past 48 hours, the price has retraced but quickly stabilized and rebounded, with lows consistently moving upward, forming a structure of gradually rising lows, indicating a clear bullish advantage. — In terms of trading volume, the phase of increased volume generally coincides with price increases, with a relatively dispersed distribution of stakes, showing no serious accumulation or one-sided trend, indicating that the market may maintain a broad range of strong oscillations in the short term. 3. News and Policy Interpretation Recent ETH-related news has focused on large on-chain transfers and fund movements, with the latest data showing that in the past hour, Trend Research transferred 13,765 ETH (approximately $6.328 million) to Binance. Meanwhile, since October, the institution has accumulated transfers of 72,481 ETH to exchanges, with on-chain addresses still holding 32,528 ETH. This phenomenon coincides with significant fluctuations in the K-line, suggesting that the market may face increased short-term selling pressure from institutions, creating some upward pressure on prices. On the policy front, the Federal Reserve has repeatedly signaled interest rate cuts and completed its first rate cut (25 basis points) in September, shifting the market fundamentals from tight to loose. Due to delays in the release of U.S. government data, the market's judgment on interest rate trends has become more uncertain, but the current policy is generally favorable for risk assets, with ETH benefiting from easing expectations. However, attention should be paid to the short-term volatility risks brought about by fluctuating risk-averse sentiment. 4. Analyst Opinions Integration According to analysts: - "ETH Direction: Buy: 4500-4470 Stop Loss: 4440 Take Profit: 4540-4580-4620 Entry can be flexible, no need to hit precise points." Combined with the current price, analysts suggest that this aligns with the latest K-line rebound range and resistance/support levels, with short-term strategies highly consistent with market performance. - "ETH is actually quite in line with expectations; it was previously mentioned that ETH is likely a bear trap here and may create a new high... ETH may provide a buying opportunity at a retracement neckline of 4255." This analyst warns of a short-term bear trap, believing that the 4255 line is a deep support level, corroborating that the current K-line's multiple retracement points have not effectively broken below 4400. The aforementioned views show no significant divergence from actual price fluctuations, indicating that mainstream analysis is generally aligned with the market reality, with no severe disagreements. 5. Future Trend Predictions and Operational Suggestions Based on the current K-line and trading volume structure, ETH's short-term trend remains strong and consolidative. If it can effectively break through short-term resistances at 4556.63 and 4590.35, it is expected to further challenge 4618.17 and new highs above. Investors can focus on buying opportunities after a breakout in the 4550-4580 range. If the price retraces to 4523.45 and does not break below the 4480 line, it can also be viewed as a low-buying layout area, with stop loss attention below 4460. If large amounts of ETH continue to flow into exchanges and there is a significant drop at high levels, caution should be taken for prices retracing to 4400, and further observe the strong support in the 4255 area. 6. Risk Warning Current K-line shows significant market fluctuations, with the daily K-line's highest trading volume appearing both at the bottom and during the upward phase, and large on-chain holders frequently transferring ETH to exchanges, increasing the risk of concentrated selling. If there is a short-term drop below 4480 or even 4460, it may trigger the liquidation of bullish positions, posing significant drop risks; close attention should be paid to whether prices stabilize at the support range. The market's policy side shows internal divisions and increasing economic uncertainty, making financial market risk preferences easily switchable, and investors need to maintain position flexibility and strictly control risks.