1. Market Overview Current ETH market price is $3,091.96, consistent with the latest closing price on the candlestick data. The past 14 days of candlestick charts show that Ethereum has generally experienced narrow-range oscillations followed by a pullback, with recent volatility in the $3,000-$3,300 range, gradually weakening over the past two days and stabilizing around $3,090. Observing trading volume, recent high volumes occurred at the upper end of the range and during the initial phase of the pullback, with volumes reaching 222,215 and 272,697 respectively one day and four days ago, indicating that bulls are experiencing concentrated outflows under pressure. Over the past 48 hours, candlestick patterns show prices repeatedly fluctuating around $3,090, with average high-low amplitude below $15, suggesting that the battle between bulls and bears is becoming stalemated. The market sentiment is cautious in the short term, with recent volatility narrowing and dominant market participants holding a wait-and-see attitude. Regarding market sentiment, according to relevant market news, retail investor confidence remains fragile, and multiple real-time news items are influencing short-term market performance. Analysts’ views lean towards light positions amid oscillation, describing the situation as “aggressive, light positions, testing divergence points,” and recommend closely monitoring the $3,100 level for profit-taking risks. Combining news and analyst insights, the overall market is in a consolidation phase lacking trend-driving momentum. 2. Technical Analysis From the daily candlestick chart over the past 14 days, ETH has fallen from a high of $3,296.84, closing near $3,100 for several days. The highest point was $3,308.86 (within the 14-day range), and the lowest was $2,891.2, with a total range of $417. Currently, the price is close to the $3,090 level, which is near the upper end of the average oscillation range over the past 48 hours. Support levels, based on recent daily data, are mainly around $3,060 and $3,040. Analysts point out that $3,085 and $3,060 serve as stop-loss points for bullish positions. The lowest candlestick points have also appeared around $3,077.99 (within the past two days), $3,058.69, and $3,054.65, all of which are important primary supports. Strong support is at the 14-day low of $2,891.2, but this is relatively distant. Resistance levels include the daily highs of $3,104.12, $3,148.41, and $3,077.39, which correspond to candlestick highs, along with the analyst-identified profit-taking zones at $3,100, $3,140, and $3,170. In the short term, $3,100 acts as the first resistance, with a higher resistance zone between $3,140 and $3,170. Hourly candlestick charts show repeated tests of the $3,085-$3,100 range without success, indicating significant selling pressure above this zone. Volume analysis shows the maximum single-hour volume recently was 5,973.35, mainly during upward price probes. Overall, trading volume has slightly declined, lacking momentum for a one-sided breakout, and market sentiment remains cautious. 3. News and Policy Interpretation According to news reports, retail sentiment remains fragile, and influenced by sudden news events, ETH has experienced significant volatility this week before stabilizing sideways. Institutional models have raised long-term targets, but these adjustments have not triggered short-term correlated movements. Another recent report mentions a hacker laundering 8,535 ETH through Tornado Cash, which has an uncertain short-term market impact; if regulatory authorities become alert, it could increase medium-term uncertainty. On the policy front, there have been no new policy developments within the past 24 hours, 7 days, or 30 days, maintaining a stable policy environment. Combining candlestick patterns, recent prices have remained stable without being affected by new policy surprises. 4. Analyst Views Summary Analysts clearly state: “ETH direction: build positions around 3085 with stop-loss near 3060, take profit near 3040. Entry is flexible, no need to chase points. Aggressive, light positions, testing divergence points. If it doesn’t break above 3100 for a long time, there is a risk of stop-loss; updates will be provided promptly.” The latest follow-up states: “Just pushed near 3100, close to the first take-profit zone, watch for locking in profits and moving stop-loss timely!” This view aligns with recent data: the highest point in the past two days was only 3104.12 before pulling back, with frequent oscillations between 3090 and 3100, and take-profit and stop-loss points closely matching support and resistance levels on the candlestick charts. The analyst’s strategy appears effective; currently, a light hold within this range is recommended, focusing on gains and stop-loss adjustments around 3100, consistent with the actual market conditions. 5. Future Trend Prediction and Trading Suggestions Based on daily and hourly data, ETH is expected to continue oscillating within the 3085-3105 range in the short term, with key support at $3,080-$3,060. A break below $3,060 could lead to a retest of $3,040; the next resistance zone to watch is between $3,100 and $3,140. If the hourly chart shows a volume-driven bullish breakout above $3,105, there is potential to challenge the $3,140-$3,170 zone. Conversely, sustained low-volume sideways movement will likely keep the price within the current range. Trading advice: Based on analyst insights and short-term technical signals, adopt a cautious, light-position approach—set stops around $3,085-$3,060, and gradually lock in profits between $3,100 and $3,140, strictly adhering to these levels. If volume increases at higher levels without strength, consider taking profits and exiting; avoid blindly chasing rallies in the short term. 6. Risk Warning From candlestick data, ETH’s recent volatility has converged, but the maximum single-day amplitude exceeded $300, indicating significant underlying risks. Short-term traders should be alert to the risk of losing $3,080-$3,060 support; a confirmed breakdown could accelerate downward movement. With declining volume, the probability of false breakouts and quick reversion to the range remains high. Be cautious of sudden negative news shocks and extreme market sentiment swings that could lead to fake breakouts. Avoid heavy positions, and always remember to adjust stop-losses and take partial profits timely.