On the eve of the Federal Reserve Open Market Committee (FOMC) meeting, the sentiment in the cryptocurrency market is generally cautious. Bitcoin struggles around the $90,000 mark, with the overall market fluctuating downward. Against this backdrop, Ethereum has shown relative resilience, with prices fluctuating narrowly around $3,100. Despite facing pressures such as short-term ETF fund outflows, ETH has successfully defended the key trend support level near $3,020.

Co-founder of the on-chain analysis platform Glassnode, Negentropic, pointed out that ETH has re-established itself above the 50-day moving average, displaying a trend breakout pattern, and believes that "the bearish window for ETH has closed." This indicates that, amidst a generally sluggish market, some core indicators have begun to turn favorable for Ethereum.

From the perspective of the overall market environment, highlighting Ethereum's relative strength in a downturn and the defense of key technical levels, authoritative analysis perspectives are cited to reinforce resilience judgments. Feel free to follow and subscribe for daily updates on market trends and economic movements!