#ETH

Last night, Ethereum experienced a sharp drop, and today it has been moving sideways. It is expected to decline between 8:00 PM and 9:30 PM.

1. Short term: range oscillation, key support / resistance

Current price: 3092 USD, within the key range of 3000-3300 USD.

Support levels: 3000 USD, a bottom tested multiple times, 3100 USD, the lower edge of recent oscillations.

Resistance levels: 3200 USD (short-term rebound pressure), 3300-3350 USD, previous densely traded area.

In the short term, it may oscillate around 3000-3200 USD. #美联储降息

2. Medium term: technical upgrades + supply contraction, slightly optimistic #美联储FOMC会议

Fundamentals are favorable: Ethereum's "Fusaka" upgrade has improved L2 throughput, reduced transaction costs, and enhanced ecosystem usability;

The exchange's ETH supply is only 8.7% (a new low in years), with staking exceeding 27% (circulating supply decreased), providing structural scarcity to support prices.

Technical analysis: If it breaks through the 3350 USD resistance, it is expected to open up upward space, targeting 3500-3700 USD; if it falls below 3000 USD, it may test the support near 2850 USD.

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