Data

• Current Price: approximately 2,925.72 USDT
• 24-hour Change: down 2.4%
• 24-hour High/Low: 3,016.36 USDT / 2,906.06 USDT
• Fear and Greed Index: 24 (Extreme Fear)
• RSI (Relative Strength Index): 24.6 on the 15-minute chart (severely oversold), approaching O on the daily chart, indicating very weak technicals
• Trading Volume: declining in both price and volume, short-term enthusiasm clearly cooling down
! Professional Analysis
From a technical perspective, ETH shows multiple moving averages in a bearish alignment, MACD indicates a death cross, and trading volume has significantly decreased, suggesting market confidence is lacking and the bears have the advantage. However, both the 15-minute and daily charts are already in oversold territory, which on one hand hints at exhausted downward momentum, and on the other hand, the support level (around 2,900 USDT) offers a short-term rebound opportunity.
Fundamentally, ETH still maintains a high staking rate (over 30%), institutional demand has not shown signs of decline, and tokenized assets (such as RWA) continue to expand their ecosystem. Spot ETF funds have experienced net outflows for three consecutive days recently, indicating a lack of new capital and short-term price suppression. Options expiration and news-driven volatility may also increase market sensitivity.
On the sentiment side, despite extreme bearish sentiment, there are still many bullish influencers and well-known investors holding long-term positions, leading to clear market divergence.
◎ Investment Advice
Currently, if ETH can hold the support around 2,900 USDT, investors can consider short-term rebound opportunities, but should avoid blindly bottom-fishing. The recommended approach is to operate with a light position, entering and exiting quickly. Conservative investors can wait for the price to stabilize and break above 3,050 USDT resistance before considering adding positions.