1. Market Overview

Based on the latest daily and hourly K-line data, ETH's current market price is 3079.32, with a trading volume of 3,514.95 (in the last 1 hour), and a daily trading volume of 19,823.5 (recent daily data). Recently, ETH's overall volatility has been between 3056.7 and 3084.84, with short-term sideways consolidation and obvious range oscillation. The past 14 days of K-line data show that ETH faced resistance at a high of 3265.5, then retraced, with a low near 3024.44 before rebounding, and recently returned below 3100. In the past 48 hours, ETH has attempted multiple times to break through 3090-3100 without success, facing short-term resistance, with average volume and price action. Market sentiment from mainstream analysts is somewhat cautious, with short-term wait-and-see and range trading dominating. Additionally, recent market news highlights network fork errors caused by the Fusaka upgrade and large whale fund movements, increasing the market's defensive atmosphere. There are no new policy changes at this time.

2. Technical Analysis
According to 14-day K-line data, ETH's recent high was 3265.5, and the low was 3024.44. The current price is around 3079.32, with weak rebound momentum. Technically, the main support levels are concentrated at 3056.7 and 3024.44, which are areas where the price quickly stabilized after previous retracements. Resistance levels are at 3100.72 (multiple hourly K resistances) and 3135.68. Further daily observation indicates that the 3200 to 3260 range is a core medium- to long-term resistance zone. Volume indicators show that ETH struggles to sustain above 3100, with large trading volumes appearing during downward phases (e.g., 423,053, 415,986 on daily high-volume days), indicating significant selling pressure at high levels and that short-term funds are more active in profit-taking at highs. Recent hourly trading has become more convergent, reflecting a stalemate between bulls and bears. Since the previous high of 3265.5, ETH has maintained an overall downward channel, supported near 3024.44, but rebound momentum remains weak. Currently, it is in a narrow range of oscillation, with daily closes repeatedly around 3090-3060, forming long lower shadows, indicating support is valid but upward momentum is weak.

3. News and Policy Interpretation
Recent reports indicate that the Ethereum network Prysm client experienced node errors caused by the Fusaka upgrade, resulting in validator losses of 382 ETH, negatively impacting overall market sentiment. The K-line trend shows that after the news was released, the price quickly dropped from 3129.54 to 3056.7, intensifying market caution. On-chain analysis reports emphasize that ETH's price rebounded by 18% over the past three weeks, consistent with the maximum rebound in the actual K-line, from 2765.85 to 3324.14, but subsequently fell back. Recent market news includes the ETH founder Vitalik Buterin selling related tokens and whale accounts adding 38,576 ETH, indicating that large investors still have positions, but short-term market support is limited, with no clear breakout. Regarding policies, there have been no major new regulations or policies in recent months, and no new positive or negative factors affecting ETH at this stage.

4. Analyst Opinions
Analyst consensus focuses clearly on key levels for BTC and ETH and rebound zones, summarized as: "Currently, large whales on ETH are relatively inactive. If ETH can recover the 3370 key level, a bullish outlook is favored, with recent attempts reaching the lower end of the 3500 channel," "Short-term focus on entering long positions in the 3045-3010 range, with take-profit at 3105-3165-3225, and stop-loss at 2985," "No significant activity from large whales so far, basically holding steady." The actual K-line confirms that neither 3370 nor 3500 has been effectively broken; after a strong decline from the previous high of 3135.68, the support analysis holds. Recent short-term fluctuations have mainly oscillated within the analyst-recommended 3044-3157 range, but upward attempts remain weak, and take-profit targets have not been reached. Overall, analysts are somewhat optimistic, but the current phase remains a consolidation.

5. Future Trend Predictions and Recommendations
Based on current K-line data and analyst views, ETH may continue to test support levels at 3056.7/3024.44 and resistance levels at 3100/3135.68. If the price falls below 3056, it could drop toward 3024; if stabilized, it may challenge the 3100-3135 resistance zone. Only if the daily chart reclaims above 3140 with increased volume can it aim for the analyst-predicted 3157 or even 3225 zones. Short-term investors are advised to watch support at 3050-3025; if the price pulls back and holds, consider tentative positions, with the first target at 3105. A break above can gradually increase positions toward 3135; set a strict stop-loss at 2985. If support is lost, consider exiting quickly. If the price remains constrained by resistance at 3100-3135 without breaking through, continue range trading with high sell and low buy strategies.

6. Risk Warning
According to K-line observations, ETH has been repeatedly pressured at high levels recently, with weak rebound momentum, and is sensitive to sudden events (such as node failures or whale large transfers), which can increase non-systemic risks and cause sharp volatility. The support zones at 3024.44 and around 3050 are critical; a break below could trigger a new downward wave, so close attention to volume and market changes is necessary. Investors should strictly control positions, avoid large losses from sharp declines, and implement proper stop-loss strategies. Overall, ETH remains in a consolidation phase; until clear signals emerge, cautious operation and close monitoring of support/resistance breakouts are recommended.