$ETH is experiencing a transformation from digital assets to global financial infrastructure against the backdrop of continued influx of institutional capital. JPMorgan's strategic deployment includes Ethereum in the range of institutional loan collateral, while Ethereum spot ETFs have also begun to record net inflows, all of which indicate Wall Street's long-term recognition of ETH's value. On the technical level, protocol upgrades are continuously advancing, with account abstraction and scalability solutions gradually being implemented, enhancing network performance and user experience. Although short-term market sentiment is volatile, some opinions suggest it faces correction pressure, the dominant position in the global stablecoin market and the core carrying capacity under the RWA (Real World Assets) narrative make Ethereum's fundamentals increasingly solid, poised to embrace broader application prospects.
📊 Technical Analysis:
Current Price: 2969.15 USDT
🟢 Support Level: 2961.0 (nearby support, consider positioning)
Support Range: 2943.0 - 2973.12
🔴 Resistance Level: 3060.39 (1H benchmark distance 2.97%)
Resistance Range: 2984.75 - 3035.0
💡 Entry Strategy: Near support level, can place orders to go long, stop loss if it breaks support
Follow the right people and walk the right path to survive in the crypto world for a long time. The market is like this: either watch others feast or decisively follow Brother Hui, I will take you to shore.
