I. Recent Market Trends and Sentiment

1. Ethereum's recent price has slightly increased, and overall market sentiment remains cautious, but the index has shown some recovery, indicating frequent short-term fluctuations.

2. Technical analysis shows ETH oscillating near certain short-term moving averages, still possessing upward momentum.

3. The latest market analysis indicates that short-term bearish forces have strengthened, and caution is needed regarding selling pressure risks.

4. Recent prices continue to trend slightly upward, suggesting that bulls are still testing the market rhythm.

II. Technical Analysis Perspective

🔹 Key Support and Resistance

Based on the latest technical overview:

Support levels: approximately $2,900–$3,000 (important short-term support).

Resistance levels: around $3,200–$3,350, serving as a recent critical dividing line between bulls and bears.

If the resistance can be effectively broken through (with increased trading volume)—a new upward momentum may form, targeting around $3,400–$3,500. If support is broken—prices may fall back to approximately $2,700 or even lower support zones.

III. Market Expectations and Outlook

🔹 Mid- to Long-Term View

Predictions from professional institutions vary, but most show a medium- to long-term bullish trend:

Some forecasts suggest that between 2025–2026, ETH's median price could be in the $4,000–$5,500 range.

More optimistic analyses even believe that improved fundamentals and increased ETF participation will drive larger breakthroughs.

🔹 Risk Warning

If key supports are broken technically, it could trigger accelerated corrections; short-term sentiment fluctuations are highly correlated with Bitcoin's price movements.