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Although there was a slight inflow into Ethereum's ETF last night, overall momentum remains lacking. The market rebound has been hovering around 2965 and has not effectively broken through this key resistance level. The US stock market has not provided strong support, and the expectation for the day remains mainly for sideways trading.
From a technical perspective, the current lack of volume is a clear signal. Under this background, risk appetite has already cooled significantly. The bearish momentum is gradually building up, and in the short term, the market is expected to continue its weak trend.
The performance of XRP and SOL is also similar, both waiting for direction confirmation. It is recommended to focus on the 2965 level; once it breaks below, the next move could have more room.