ETH is currently approaching a key resistance level of $2,690. If this area is broken, the price is expected to further rise to $2,800-$3,000. Multiple technical indicators show that ETH's short-term trend remains positive, especially against the backdrop of increasing trading volume, which generally indicates that upward momentum is accumulating. #ETH🔥🔥🔥🔥

• Relative Strength Index (RSI): The RSI is not currently in the overbought zone, suggesting that ETH still has room to rise. As long as the RSI is below 70 and maintains upward momentum, the probability of prices continuing to rise in the short term is high.

• Growth in the DeFi and NFT fields: Ethereum's application in the DeFi and NFT fields continues to increase, driving up network activity and demand. The growing total value locked in DeFi (TVL) indicates that more funds are flowing into the Ethereum ecosystem, which will help drive ETH prices higher.

• Whale holdings and on-chain activity: Recent on-chain data shows that large holders (whales) have not sold ETH on a large scale, but have a trend of continued accumulation. At the same time, the outflow of ETH from exchanges is greater than the inflow, indicating that the market demand for ETH is rising and the supply of ETH in circulation is decreasing, which provides support for prices.

• Risk asset recovery: The global market sentiment towards risky assets has rebounded. As the Federal Reserve's monetary policy stabilizes, investors have shown more interest in high-risk assets including cryptocurrencies. As a mainstream crypto asset, ETH may benefit from this sentiment shift.

• The long-term positive impact of the ETH 2.0 upgrade: Ethereum's merger and upgrade have shown significant technical improvements, and the network is more efficient and energy-saving, which has further attracted more investors and developers and enhanced the market's confidence in ETH's future growth.

In the short term, Ethereum is expected to rise further driven by technological breakthroughs, rising market demand and a favorable macro environment. Combining the analysis of on-chain data and market sentiment, ETH is likely to break through $2,750 in the short term, and even challenge $3,000. $ETH