I. Market Overview

According to the latest candlestick data, ETH’s current closing price is 3046.96, showing a recent pattern of oscillation and stabilization. Over the past 14 days, the price experienced significant fluctuations, surging rapidly from the low of 2716.04 to the high of 3193.33 before falling back to the current range. Overall trading volume has declined amid the volatility, with volume in the past two days shrinking sharply from previous highs. The latest daily trading volume is 5764.24, much lower than earlier peaks (such as 761680). In the short-term hourly chart, ETH has touched the 3050 resistance line multiple times in the past 48 hours but lacked breakout momentum, with hourly volume contracting in tandem, indicating cooling market activity. Based on comprehensive multi-source analysis and news, the overall market sentiment is cautious, with a clear divergence between bulls and bears. Long and short positions are switching rapidly, lacking a sustained one-sided trend.

II. Technical Analysis
Through analysis of the 14-day daily and 48-hour hourly candlestick charts, ETH is currently trading mainly in the 3030-3060 range. The 14-day high is 3193.33, low is 2716.04, with a medium- to long-term volatility exceeding 17%. However, recent highs have been hard to retest as market momentum weakens. Over the past 7 days, ETH’s support area is at 3030-3040, with several daily candlesticks finding support at 3030, but selling pressure at the 3050-3060 range is obvious, forming a short-term strong resistance. Yesterday’s hourly candlesticks show that multiple intraday attempts to break above 3055-3060 failed to hold, with the recent high at 3056.05 and the lowest pullback at 3032.47 quickly rebounding, indicating limited downside in the short term. Hourly volume is gradually decreasing, indicating growing investor caution. If 3030 support breaks, the price may test the 3000 support level; above, important resistance levels are the previous highs at 3099 and 3133. Overall, ETH is in a high-level consolidation phase with insufficient momentum and lack of strong breakout drivers.

III. News and Policy Interpretation
Recent news has lacked any significant bullish or bearish catalysts. Events such as the disclosure of Ethereum EIP7825 upgrade details, continued smart contract iterations, and BlackRock’s purchase of ETH assets have not triggered notable investor price reactions. Observations show that events like BlackRock and Elon Musk moving BTC and ETH to Coinbase or FTX had only brief impacts, with the overall price curve remaining stable and without extreme volatility. NFT sales data slipped slightly by 13%, but trading activity remains strong, not putting pressure on major players. There have been no new regulatory changes, policy adjustments, or macro disruptions recently; market moves are mainly driven by sentiment shifts, lacking strong external drivers. Overall, ETH prices have responded more rationally to news, with no outsized moves, indicating that short-term price action is mainly dictated by technicals.

IV. Analyst Viewpoints Integration
Analyst opinions on ETH are clearly divided. One strategy suggests: “ETH direction: long; entry: 3039-3040; stop loss: 3129; take profit: 3003,” reflecting a focus on short-term range trading and local oscillation gains. Another says, “ETH short near 3070-3100, SL: 3130,” recommending the 3050-3100 range as an important short entry zone, with 3130 as a stop loss. Another viewpoint asserts, “3250 is strong resistance, many bulls sell high when approaching,” and suggests, “If BTC and ETH don’t rebound strongly, they could fall back to 2600 at any time,” expressing concern over downside risk. Additional advice includes, “Stagger short positions, and beware of losses from failing to take profits at highs,” which aligns with ETH stalling near 3050. Most analysts prefer cautious shorting at highs, with some favoring range trading. Overall, analysts’ opinions are consistent with technical patterns showing repeated resistance and support at key levels.

V. Trend Forecast and Trading Recommendations
Based on current candlestick data and technical patterns, ETH is expected to continue oscillating within the 3030-3060 range in the short term. If the 3030 support fails, 3000 or even 2950 could be tested; on the upside, closely watch volume and bullish strength at 3050-3060. If a breakout occurs, the short-term target would be 3080-3099, but due to limited volume and market enthusiasm, sustained breakouts are unlikely. If no new bullish news triggers increased volume, investors are advised to focus on selling high and buying low within the identified support and resistance zones, focusing on short-term swings and avoiding blindly chasing rallies. Aggressive traders may follow analyst advice to try shorts at 3050-3100 with a stop loss at 3130 and stepwise defense. Conservative traders may wait for a clear directional breakout before following the trend, with strict stop loss discipline.

VI. Risk Warning
Recently, ETH has shown wide high-level oscillation, with daily candlestick swings over 10%. The sharp drop in volume indicates increased market sensitivity, highlighting significant short-term pullback risks. If 3030 is lost, 2950 or even the previous low of 2716.04 could be tested. News-driven boosts are limited, and the market is easily disturbed by sudden sentiment shifts, so avoid blindly taking heavy positions. Strictly enforce stop loss rules, monitor key supports at 3030 and 3000, and resistance at 3050, 3099, and 3130. For uncertain investors, it is recommended to reduce positions to guard against irrational losses from high volatility. Overall, ETH is clearly constrained by technical ranges, with news and policy unable to drive a breakout. Traders are advised to focus on range trading or stay on the sidelines and maintain risk awareness to handle potential volatility ahead.