I. Market Overview According to the provided Ethereum (ETH) candlestick data, the current price of ETH is 3018.74. The candlestick chart for the past 14 days shows that ETH has experienced multiple rebounds from the bottom, with a peak of 3447.44 (highest in 14 days) and a low of 2716.04 (lowest in 14 days), indicating significant volatility. The trading volume has declined overall in the past two days, with the latest daily trading volume at 2854.61, far below the hundreds of thousands seen at previous highs, reflecting a weakened willingness of short-term funds to enter the market. Analysts' opinions generally focus on fluctuations and short-term operations; some analysts believe that after breaking through 3000, bullish sentiment has warmed, but they express caution regarding the strong resistance area above. Combined with relevant market news, the overall sentiment leans towards cautiously optimistic. II. Technical Analysis Analyzing the candlestick data from the 14-day daily and recent 48-hour hourly charts: 1. Support and Resistance: The main support area is around 2980-3000, with key supports below at 2970 and 2950, and the recent 14-day low of 2716.04 being the ultimate support. Resistance above is primarily concentrated at the 3150, 3160, and near 3190 areas, with the historical high of 3447.44 being an important medium-term resistance. 2. Trend Analysis: In the past two weeks, the price has continuously rebounded from 2716.04, and after breaking the 3000 mark, it has attempted to push upwards multiple times without success, encountering significant selling pressure in the 3080-3120 range. On the hourly chart, ETH has recently stabilized in the 2975-2988 range and slightly consolidated in the 3010-3024 range, with significant divergence between bulls and bears, and currently, no strong breakthrough signs are seen. 3. Trading Volume: In the last 48 hours, hourly trading volumes have repeatedly fallen below 10,000, with a peak of 17559.7, overall lower than previous significant volume areas. There is a strong atmosphere of caution among funds, and there is a lack of large-scale new capital driving the market in the short term. III. News and Policy Interpretation According to market news, ETH's on-chain data remains strong, with stablecoin liquidity leading the way, helping to strengthen the on-chain fundamentals. At the same time, technical upgrade plans such as Glamsterdam have taken shape and are expected to drive a wave of industry discussions. From the candlestick performance, it can be seen that the price did not experience significant fluctuations immediately after the news was released, indicating that the positive catalyst is limited, and market attention is more focused on the actual technological implementation and subsequent execution. On the policy front, there have been no new positive or negative messages in the past 24 hours, and the regulatory environment remains stable, with no new pressures or stimulating factors. IV. Analysts' Opinions Consolidation 1. The original text from the "Shu Qin Member Group" states: "Ready for battle! Ethereum has finally returned to 3000... the strong resistance is near 3160-3190, here I would choose to short to capture a pullback, aiming for around 3100... this time it reached 3000, although there is a certain probability of a false breakout..." This indicates that analysts are cautious about breaking the 3000 psychological barrier and prefer short-term strategies of buying high and selling low. 2. The "Da Piao Liang Member Group" suggests: "ETH entry positions: buy spot near 2950-2870, take profit at: 3050, 3150, 3260, and no stop loss set for now." This suggests a strategy leaning towards buying low and selling high, with clear profit-taking points and no stop loss, indicating an optimistic attitude towards spot trading. 3. "San Ma Ge Crypto Circle Analysis" emphasizes that there are only a few tens of dollars away from 3100 and has already taken 70% profit, believing that the strategy for ETH longs is relatively cautious. They suggest appropriately reducing positions as one approaches resistance levels. These opinions are highly consistent with the current candlestick trend, with ETH repeatedly failing to break through 3000-3100, and analysts have not shown significant sustained bullish confidence, leaning towards range trading strategies. V. Future Trend Forecast and Operational Suggestions Considering candlesticks, trading volume, and analysts' opinions, ETH is likely to maintain a range-bound market between 2980 and 3160 in the short term. Key support below is at 2980 and 2950; if these levels are broken, it will test the 2870-2716 area, and close attention should be paid to the capital support in these two areas. Above, resistance is encountered at 3150-3190; if 3160 cannot be effectively broken, the mainstream view is to short for a pullback. Suggested strategies for investors are as follows: - Spot holders can gradually accumulate in batches around 2950-2980 and take profits gradually in the 3150, 3160 area. - Short-term traders can attempt to short near 3160 and 3190, aiming to take profits around 3100; if the price breaks through 3160 with volume, consider setting a stop loss. - If there is an effective breakthrough of the 3160-3190 resistance, pay attention to the next strong resistance area at 3260 and 3447. - It is advisable to trade lightly, strictly control risks, avoid chasing highs and killing lows, and prioritize observing the performance of support and resistance areas. VI. Risk Warning The current market for ETH is at a critical juncture, with clear support and resistance levels, but overall volatility remains significant. The previous large fluctuations (with a high of 3447.44 and a low of 2716.04) remind investors to guard against the risk of severe pullbacks. The current reduction in trading volume suggests an increase in cautious sentiment among bulls and bears; if there are sudden news or capital movements, price fluctuations may intensify. Investors need to set reasonable profit-taking and stop-loss levels, and avoid heavy positions. If it breaks below important supports like 2950 and 2880, be wary of the risk of further weakening of the market. It is essential to participate reasonably based on actual funds and risk tolerance, and strictly adhere to one's trading discipline.