1. Market Overview

Based on the provided candlestick data, ETH's current market price is 2937.02, slightly down from the previous trading day's closing price of 2937.91. Over the past 14 days, ETH has experienced a correction phase from high levels, with the highest point at 3057.78 and a low of 2891.2. Daily candlesticks show that after a significant decline, the price finds some support around the 2900-2950 level, with recent volatility narrowing. In terms of trading volume, after early large transactions, overall volume has recently decreased significantly, with the latest daily volume at 226.825, a sharp reduction from previous figures ranging from hundreds of thousands to millions, indicating short-term cautious sentiment from both bulls and bears. From market sentiment, mainstream analysis opinions are divided. Some analysts see current levels as a buying opportunity for longs, while others suggest short-term shorting, with overall cautious sentiment. Coupled with recent news, although ETH remains a key asset for mainstream capital inflows and industry position remains solid, frequent short-term risk warnings and waning market enthusiasm are evident.

2. Technical Analysis
On the daily chart, ETH has been declining from the previous high of 3177.5, with multiple attempts at rebounds but clearly lower highs. Over the past 7 trading days, the price has oscillated mainly within the 2960-2930 range, with volatility narrowing significantly. Support is at 2900-2910, with stronger resistance at 2980-3015. In the recent 48 hours, hourly candlesticks show the price gradually declining from 3014.39 to 2937.02, repeatedly hitting 24-hour new lows, with decreasing hourly fluctuations and diminishing momentum. The maximum hourly volume was 28922.7, recently dropping to 2000-3000, indicating reduced short-term trading activity. Support and resistance analysis shows that 2900-2920 serves as a short-term bottom line; if broken, the recent low of 2891.2 will be the next support. On the upside, the 2950-2966 zone acts as resistance; breaking through this area makes 3015 an important medium-term resistance. The trend indicates that prices have been below moving averages for consecutive days, showing a clear bearish dominance, but declining momentum is weakening, suggesting some stabilization.

3. News and Policy Interpretation
On the news front, reports indicate that Ethereum continues to attract substantial capital inflows, especially maintaining a leading position in mainnet applications, with industry status stable. However, some news also mention cross-asset diversion and large transfers (such as 214 million USD worth of ETH transferred to Coinbase), indicating increased institutional selling pressure. This dynamic is reflected in the price chart, where after a weak rebound near 3000, the price has fallen back to the current level. Analysts and media have issued warnings of downside risks, with strategic comments suggesting ETH is more likely to test lower levels rather than recover to previous highs. Overall, short-term rebound momentum is limited, and negative news combined with large institutional outflows increase market uncertainty. Regarding policies, recent information shows no new policy signals in the past 24 hours, past week, or past month, indicating that the current trend is mainly driven by market behavior without policy support or positive guidance.

4. Analysts’ Opinions
Analyst Nicole recommends “Build more positions: buy at 3000-2970, stop loss at 2940, take profit at 3030-3060-3090, enter flexibly without timing the exact point. Enter at a steady 2990; if after entering the price cannot break 3015 for a long time, exit.” This advice aligns with the obvious resistance zone of 2950-3015 shown on the candlestick chart, with take profit points consistent with recent weekly resistance levels, making it highly valuable for reference. Another analyst suggests “Build more positions at 2950-2930, stop loss at 2900, take profit at 2980-3010-3040, with a light and aggressive entry at 2960, as 2950 provides short-term support.” This strategy fits the current range-bound market and agrees with the support and resistance levels. Short-term bearish voices point out “Short ETH near 2930 at market price, take profit at 2830-2750, stop loss at 3000,” consistent with the current weak oscillation pattern. The “Golden Finger” recommends “Limit buy at 2878-2842, take profit at 2930-2990-3050, stop loss at 2805,” indicating focus on lower price zones. Overall, analyst suggestions reflect the market’s conflicting sentiments, with both short-term bullish and bearish views justified, and specific execution strategies aligning with current candlestick fluctuations.

5. Future Trend Prediction and Trading Suggestions
Based on the 14-day candlestick and 48-hour hourly chart, ETH’s short-term trend remains oscillating downward with weakening momentum. If the price can hold above 2900-2920, it may repeatedly contest the 2950-3015 zone, providing short-term bullish opportunities. If it falls below 2900, the recent low of 2891.2 may be tested or further broken, increasing risks and not recommended for blind bottom fishing. Trading suggestions, referencing analyst zone settings, include considering light long positions between 2930-2950 with strict stop losses at 2900 or below. If the price stabilizes above 2960, gradually shift to more defensive positions, with 2980-3010 as the first take profit zone. For short-term bearish strategies, if rebounds to 2970-2990 resistance cannot be effectively broken, short-term profit-taking opportunities exist with take profit at 2910-2890.

6. Risk Warning
It must be emphasized that ETH’s recent price volatility has narrowed significantly, but trading volume has decreased sharply. A breakout of the current range could accelerate risks. Especially after news of large institutional selling pressure, the market may experience sharp short-term fluctuations again. The key resistance zone is at 2950-3015, with support at 2900; failure to hold could pose significant risks. Investors are advised to set reasonable stop losses, manage positions carefully, and prevent major losses caused by sudden liquidity changes or news. All judgments are based on current candlestick data and input information; market conditions may change due to new variables, so continuous attention to latest transactions and news is essential.