1. Market performance overview
1. Price Trends
- Current price: $3,616
- 24-hour change: -2.16%
- 7-day increase: +9.63%
- Market capitalization: $435.5 billion
- 24-hour trading volume: $14.87 billion
2. Technical analysis
- Breakthrough of the psychologically important $3,500 level
- Daily MACD continues to maintain a golden cross state
- The RSI indicator is in the hot zone
2. Driving factors of the rise
1. Layer2 Ecosystem Explosion
- Arbitrum, Optimism and other L2 total locked-in amounts hit new highs
- Layer2 on-chain activity continues to increase
- New applications continue to emerge and user experience improves
2. Expectations of institutional funds entering the market
- ETH spot ETF application has made positive progress
- BlackRock, Fidelity and other institutions are developing the Ethereum ecosystem
- Institutional-level custody solutions are gradually improving
3. DeFi 2.0 shows signs of recovery
- DEX trading volume picked up significantly
- Growth in total locked-in lending agreements
- New DeFi products continue to innovate
Potential Risk Factors
1. Technical risks
- Short-term overbought signs are obvious
- $4,000 is a strong psychological resistance level
- Profit-taking pressure increases
2. Market Risk
- Uncertainty about the Federal Reserve's monetary policy
- Cryptocurrency regulatory policy changes
- Market speculation is overheated
4. Future Price Outlook
1. Positive factors
- ETH pledge rate continues to increase
- Strong expectations of institutional funds entering the market
- Layer2 ecosystem continues to expand
- EIP-4844 upgrade is coming soon
2. Resistance level analysis
- First resistance level: $3,800
- Key resistance level: $4,000
- All-time high: $4,878
5. Investment advice
1. Short-term strategy
- It is recommended to open positions in batches when there is a pullback
- Set stop loss to control risk
- Watch for a breakout above $4,000
2. Medium and long-term strategies
- Optimistic about the long-term development prospects of ETH
- It is recommended to adopt a fixed investment strategy
- Cooperate with staking mining to obtain additional income
3. Risk Control
- Strictly implement position management
- Set reasonable stop-profit and stop-loss
- Avoid high leverage transactions
6. Key Observation Indicators
1. On-chain data
- Number of active addresses
- Gas fee changes
- Changes in pledge rate
- Layer2 TVL growth
2. Market indicators
- Changes in institutional holdings
- Spot price difference
- Funding Rate
- Large amount transfer monitoring
Disclaimer: This report is for reference only and does not constitute investment advice. The cryptocurrency market is risky and investment should be cautious.
