ETH is currently in a state of technical rebound combined with institutional catalyst resonance. BlackRock's launch of the staking ETF is the most significant fundamental event in the recent period. The short-term is clearly overbought, with significant resistance around $2,200. A period of digestion is needed before it can continue to rise. If you are considering increasing your position, it is advisable to watch for support around $2,100 during pullbacks, with risk control referencing the $1,980 area (a dense liquidation zone). The overall mid-term trend still requires a valid breakthrough above $2,200 to be confirmed.

ETH-0.24%

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