$ETH Market Analysis

The previous two rebound highs of $ETH formed a key resistance level for the bottom area. $ETH can only provide a clear bottom reversal signal if it effectively breaks through the key resistance level of 3550.

Yesterday, $ETH rebounded to a maximum of 3510, still some distance from the resistance level, and the trading volume during the rise was less than the rebound trading volume on the 23rd, indicating that the buying interest is currently weak.

Additionally, the significant net outflow from the Ethereum ETF yesterday sent a bearish signal, which is not conducive to Ethereum's upward breakout.

In this situation, trading Ethereum still requires caution and is not suitable for aggressive long positions.