I. Market Overview

According to the latest provided candlestick (K-line) data, ETH is currently priced at $3,207.66 (reflecting the latest daily and hourly closing prices), having rebounded strongly for several consecutive days from the 2,799 level and regaining the $3,200 mark. From the candlestick and volume performance, in the past 14 days, the lowest price was $2,716.04 and the highest reached $3,240.35; the overall fluctuation range is nearly $525, with both daily and hourly charts showing a strong bullish reversal pattern. In terms of trading volume, ETH’s single-day peak in the past 14 days appeared near $2,799.07, reaching 761,680 coins, with a significant recent increase in volume, indicating intense capital competition at key levels. In the last 48 hours, the highest hourly volume was 103,536 coins (at $3,076.53), with most other times hovering between 20,000 and 50,000, showing active capital and a clear short-term market uptick. Overall market sentiment is positive, supported by bullish news upgrades, continued whale accumulation, and optimistic outlooks from mainstream KOLs. The price has shown a significant rebound in the past two days, with ample momentum for the rally.

II. Technical Analysis

Based on 14-day and 48-hour candlestick data analysis, ETH shows clear structural reversal characteristics. Technically, ETH has rebounded from the low ($2,716.04) with three consecutive bullish daily candles, now above $3,200. Support levels can be referenced at the recent low of $3,174.19 and the stronger level at $2,985.58, while resistance lies in the $3,220–$3,240 range. On the short-term hourly chart, ETH has repeatedly oscillated between $3,140–$3,200, finding support multiple times in the $3,170–$3,188 area. Downward momentum has notably slowed in the $3,076–$3,088 range. The technical structure indicates a breakout above the $3,240.35 high would open further upside, while a break below the $3,170 support may lead to a pullback to the $3,120 or even the $2,985 zone. Volume observations show the strongest sustained volume in the $2,799–$2,996 range, indicating strong capital support there. Additionally, active short-term volume supports further price surges in the near term.

III. News and Policy Interpretation

On the news front, multiple bullish catalysts for ETH have been released intensively over the past two days. The Fusaka upgrade is now officially live, introducing PeerDAS data sampling technology, significantly boosting Layer2 network performance, lowering transaction fees, and accelerating Ethereum infrastructure evolution. International investors, whales, and notable institutions like Tom Lee have entered the market, further boosting attention. Institutions like Bitmine continue accumulating, adding to the bullish sentiment. Recent news includes ETHZilla acquiring shares in an AI automotive finance platform and co-founder Vitalik emphasizing the importance of protocol security and scalability upgrades, both contributing to a positive tone for innovation and policy. No new policy data or regulatory uncertainty has emerged. Candlestick data shows that after each Fusaka upgrade and major capital inflow announcement, ETH saw clear upward moves, holding key support levels, with a significant positive impact from these catalysts.

IV. Analyst Viewpoints Integration

Summarized analyst opinions provided:
- “#ETH (limit order) entry: 2855–2805, take profit: 2910–2980–3060, stop loss: 2775”
- “Contract strategy product: ETH, direction: short, entry: 3080, stop loss: 3113, take profit: 3030”
- “ETH has reclaimed the $3000 level, and the market looks promising. You can open long positions near the $3000 level. The next resistance zone is the $3350–$3450 area, and we may see a test of this range.”
- “ETH is following Bitcoin’s rally. DAT companies’ recent purchases have increased in value, providing enough reason to convince shareholders to continue buying.”

Analyst views align with the candlestick performance: ETH decisively broke above $3,000, with the short-term uptrend extending to $3,207.66. Some analysts are medium-term bullish, focusing on the $3,350–$3,450 resistance; short-term opinions also include attempting shorts on pullbacks and building long positions on dips. Notably, some short positions around $3,080–$3,113 have been broken, further confirming the strength of the bulls.

V. Outlook and Recommendations

Combining candlestick, volume, and structural analysis, ETH has strong short- and medium-term rebound momentum. If it breaks out above the $3,240.35 high with volume, it may target the $3,350–$3,450 resistance region, with further expansion in trading volume expected. Key support levels below are at $3,170–$3,188, $2,985–$2,996, and $2,716–$2,799, where institutional funds have shown strong absorption.

Recommendations:
1. Investors holding positions should continue to monitor performance above $3,200; if it holds with volume, gradually follow the bullish trend and consider staged take-profit targets in the $3,350–$3,450 zone.
2. Short-term aggressive traders can wait for a pullback to the $3,180–$3,170 area to enter, setting stop-loss at $3,113 or lower at $2,985.
3. If there is a rapid, high-volume break below $3,170, beware of short-term downside risk and wait for new support signals in the $2,985–$2,996 range.

VI. Risk Warning

In the past two weeks, ETH’s intraday maximum volatility reached $525, and there have been large hourly volume spikes in the past 48 hours, indicating clear high volatility and capital sensitivity. If the daily chart closes below the $3,170 support, be alert for a rapid pullback to the $2,985–$2,996 area. After a concentration of bullish news, short-term chasing should also be mindful of profit-taking pressure; strict stop-loss strategies are recommended, and closely monitor volume changes and capital flow at major resistance levels. Overall, ETH has returned to a strong range under the influence of the current bull run. Investors are advised to keep a dynamic watch on key support and resistance, and remain cautious of potential high volatility risk.