Ethereum price recently recovered 25% from the low of $2,100. Previously, it fell after reaching the $3,500 resistance level and fell below the 200-day moving average, testing the $2,200 support level. While market participants are optimistic that Ethereum will break through the $2,800 resistance level and possibly reach $3,000, a potential supply surge could hinder this progress. Validators are expected to withdraw 143,000 ETH, worth nearly $350 million, and an additional 212,000 ETH will also be available for trading soon. Historically, such unlocking events have often led to price pullbacks. Despite these potential challenges, the overall sentiment remains bullish if Ethereum maintains its recovery momentum.

Gai Lun: If you bought ETH and others bought BTC, you will be in a bad mood. 。