ETH Daily Analysis

The daily line shows a small bearish candle with upper and lower shadows, and trading volume has decreased by one third compared to the previous day, indicating a wide fluctuation at a high level.

MA30 remains upward, MACD's upward momentum is weakening, indicating a short-term correction.

Ethereum follows BTC's decline, but the drop is smaller, showing a certain degree of resilience.

The ETH/BTC trading pair is fluctuating upward, indicating signs of ETH strengthening relative to BTC.

Grayscale Impact:

Grayscale holds a large amount of ETH spot, which is still exerting some selling pressure on the market, potentially limiting short-term gains.

Trend Expectation:

After a period of fluctuation and adjustment, ETH is expected to continue its upward movement, currently still in a high-level consolidation phase.

Key Levels:

Support Level: 3080.

Resistance Level: 3650.

Summary: After short-term consolidation, ETH is expected to continue rising, and it shows relatively strong performance against BTC. It is advisable to accumulate positions on dips within the fluctuation range.