1. Current Status

• Price: Currently fluctuating around the key range of $3,100 - $3,200.

• Short-term outlook: Direction unclear, awaiting a breakout. Whether it can hold above this level is crucial.

2. Two Key Points to Watch

• Resistance: $3,200 - $3,350 area. A successful breakout could open up further upside potential.

• Support: $3,000 - $3,100 area. Especially $3,100; a breach of this level would significantly increase short-term risk.

3. Core Influencing Factors

• Federal Reserve Decision (Biggest Event This Week):

• High probability of an interest rate cut: Already anticipated by the market; if implemented, it could provide short-term support.

• The key lies in the rhetoric: Whether Powell's speech is dovish (continued easing) or hawkish (cautious) will determine the subsequent direction.

• Beware of volatility: Prices may experience significant two-way fluctuations before and after the decision announcement.

4. Key Developments to Watch

* Short-term (1-4 weeks): Determined by the outcome of the Fed meeting and the performance of the $3,100 support level.

* Medium- to long-term: Dependent on the effectiveness of its "Fusaka" network upgrade (aimed at reducing fees and increasing speed) and the progress of US regulations (such as staking rules and spot ETFs).

In short: ETH is at a critical juncture, awaiting guidance from the Fed meeting. Short-term volatility is inevitable; long-term performance depends on the development of its ecosystem and the influx of external funds.

Note: The above analysis is based on publicly available information. The market is constantly changing; please make decisions cautiously and manage your risks effectively. #ETH走势分析