I. Market Overview

The current price of Ethereum (ETH) is $3,162.16, based on the latest daily and hourly candlestick closing prices. Over the past 14 days, ETH’s price has retraced to a low of $2,716.04 and reached a high of $3,240.35, showing significant volatility and a clear rebound from recent lows over the past three days. In terms of recent trading volume, the highest single-day volume occurred near $2,799.07, reaching 761,680 ETH, then gradually tapered off, with the most recent daily volume at 18,227.1 ETH, indicating a cooling of short-term trading activity. From a market sentiment perspective, analyst consensus points to the $3,100 and $3,000 zones as key short-term support, with resistance around $3,150, and suggests a slight short-term pullback before another upward adjustment. The market generally agrees that the “Fusaka upgrade” and continued on-chain whale (such as Bitmine) purchases have formed strong support, boosting optimistic sentiment.

II. Technical Analysis

Analyzing the 14-day candlestick and the most recent 48 hours of hourly candlestick data, ETH’s overall structure shows a sharp drop followed by a quick rebound. The recent low occurred with a short-term dip to $3,066.37 and a daily low at $3,132.45, followed by a rebound that brought the price up to $3,169.79. On a shorter time frame, ETH retraced to $3,066.37 in the last 48 hours, but then stabilized around $3,100 and quickly broke through to $3,162.16, oscillating repeatedly in the $3,140-$3,160 range. For support levels, notable support is found at the round numbers of $3,100 and $3,000, both repeatedly serving as price stabilization points; short-term resistance is at $3,169.79 and the previous high of $3,240.35. Trading volume spiked at the start of the rebound, especially in the $3,120–$3,160 area, indicating heightened long-short divergence. If the price can continue to break through $3,169.79 on increased volume, there is potential to test higher levels.

III. News and Policy Interpretation

Recently, market attention has focused on the “Fusaka upgrade” and the performance improvements it brings to the Ethereum network. Multiple news articles highlight the implementation of Fusaka, improvements to the blob fee market, and positive on-chain technical upgrades. Meanwhile, substantial accumulation by Bitmine and whale accounts has become a major catalyst for optimism. For instance, one report states that “Bitmine purchased another 18,345 ETH during a new round of accumulation,” which directly supported the stabilization and rapid rise in price around the $3,000 zone. Other news notes that “Ethereum’s implementation of Fusaka lays the foundation for a stronger blob fee market and enhanced deflationary potential,” heating up investment expectations. On the policy side, there have been no new relevant policy updates in the past month; data shows “last_24_hours_total: 0,” indicating no short-term policy headwinds or tailwinds, leaving market movements primarily driven by technicals and news sentiment.

IV. Analyst Views

Mainstream analyst perspectives focus on the following:

- “$3,100 and $3,000 are support; these round numbers shouldn’t be taken literally, so expect support just above these levels.” (Sanmahui member group)
- “Aggressive ETH contract entry zone: around $3,056–$2,856, don’t get hung up on exact round numbers, choose three staged entries yourself, average stop-loss near $2,956, stop-loss: $2,800, take-profit: around $3,250–$3,350.” (Dapiao member group)
- “?EP: $3,038–$2,995 TP: $3,095–$3,160–$3,230 SL: $2,953” (Goldfinger’s guidance)

In summary, analysts universally recognize the $3,000–$3,100 zone as strong support and advise aggressive traders to build positions in batches on dips into this range. Comparing with actual candlestick performance, ETH briefly consolidated in the $3,066–$3,130 area and, as analysts predicted, quickly rebounded and is now approaching the $3,160 resistance. The stop-loss, take-profit, and momentum intervals all closely match the actual price action, with no significant deviation.

V. Future Trend Forecast and Trading Suggestions

Combining multi-timeframe candlestick trends and analyst consensus, ETH has already established solid support around $3,100, and the current rebound momentum remains intact. If the price breaks through $3,169.79/$3,240.35, there is potential to move higher, targeting the $3,250–$3,350 take-profit zone. In terms of trading strategy, the risk of chasing short-term rallies is rising; the current level is suitable for holding for those already positioned, while those not in yet should watch for opportunities to enter on pullbacks to the $3,100–$3,000 zone. Stop-losses can be set at $2,953–$3,000; if the price breaks below this range, exit promptly. Watch for resistance at $3,169.79 and $3,240; if a breakout occurs on high volume, further upside is possible.

VI. Risk Warning

Candlestick data shows ETH’s maximum daily range over the past 14 days has approached $500, with volatility intensifying and trading risk increasing. While trading volume has recently decreased, a break below the key technical supports at $3,100 or $3,000 could trigger a rapid drop. It is advised to control leverage and position size and beware of directional changes caused by sudden large trades. If market sentiment weakens and the price falls below the critical stop-loss at $2,953, be alert for deep retracement risk. In summary, adjust strategies flexibly according to range changes, strictly observe support/stop-loss levels, monitor volume to confirm price breakouts, and respond rationally to market corrections.