1. Market Overview

Based on the latest provided candlestick data, as of now, Ethereum (ETH) closed at 3130.60, maintaining a strong upward channel recently. From the 14-day candlestick chart, ETH has been continuously bullish since breaking through the 3000 level, with multiple attempts to test higher points, and the lowest points gradually rising. The highest price reached was 3150.01, with the fluctuation range mainly between 2919.44 and 3150.01.
In terms of trading volume, recent days have seen volume first increase and then decrease, showing a gradual return to stability after a period of large fluctuations. The 48-hour hourly candlestick confirms ETH’s strong upward trend after breaking 3000, with multiple tests above 3120, while the short-term resistance at around 3135 shows significant pressure. Overall, the market sentiment is bullish.
On the sentiment front, market news and analyst signals indicate increased expectations, further reinforcing bullish sentiment.

2. Technical Analysis
From a technical perspective, the past 14 days’ daily candlesticks show ETH rebounding from a low of 2919.44, with short-term highs continuously breaking through. The short-term moving averages are turning upward, indicating a bullish dominance.
Support zones are clearly defined, with 2950-3000 as a key support band. After multiple tests and validations at the 3000 level, the price stabilized effectively.
Resistance levels are around 3146-3150, which have been difficult to break in the short term. If successfully broken, a larger upward movement could be expected.
In the 48-hour hourly data, ETH formed a strong breakout above 3000 but faced resistance in the 3135-3146 range, with multiple attempts to push higher followed by pullbacks, indicating significant overhead pressure with some volume spikes.
The latest hourly close at 3130.6 is clearly in a strong zone. Volume analysis shows significant volume in the 3000-3050 range, with rising price and volume, indicating strong upward momentum. Conversely, in the 3120-3135 range, volume has decreased, suggesting reduced buying interest and potential short-term resistance.
Overall, short-term support is around 3070-3100; a break below this could lead to a retest of 3020-3000. The key resistance is at 3146-3150; a successful breakout could trigger a new upward wave.

3. News and Policy Interpretation
According to recent market news, Bitmine has staked a large amount of ETH (reaching 461,504 ETH), indicating continued accumulation by mainstream institutions, which supports network security and the mining ecosystem positively.
The timing of this news aligns with the sustained rise after ETH broke the 3000 mark, suggesting that staking data and capital inflows have directly strengthened market confidence.
Regarding ETF fund flows, reports indicate a withdrawal of 72 million USD from Ethereum ETFs, but due to some funds closing higher, the market has not shown significant negative reactions, and ETH remains in a strong consolidation.
Additionally, whale addresses are continuously increasing ETH holdings, with recent accumulation over the past month further supporting current prices. These news factors are closely related to the recent upward movement in the K-line charts, helping to sustain short-term price increases.
On the policy side, no new major regulatory or negative news has been disclosed recently. The policy statistics for the last 24 hours, the past week, and the past month are empty, indicating that the market is mainly driven by fundamentals and capital flows, with no policy impact on risk appetite.

4. Analyst Opinions
Analysts mainly focus on operational strategies and key price levels, summarized as follows:
A. “ETH triggered stop-loss.”
B. “ETH triggered stop-loss, losing 57 points, just recovering from a good dip and then suddenly going up, stopped out by a needle.”
C. “⬆️Click above to join the crypto channel⬆️#ETH限价EP：3055-3085TP：3005-2955-2900-2850SL：3130 #ETH翻倍，仓位重的自己注意减仓哦” ”
D. “#ETH翻倍，仓位重的自己注意减仓哦 # ETH just reduced some positions, and the new positions are also in place. Now, with the price near the cost of short positions, profits are taken. ETH has been rising steadily with small steps, showing a relatively stable trend. Just a quick spike was pulled back, indicating strong bullish momentum and signs of a breakout. We took some profits on the short side, and being cautious, we won't hold on too long.”
Overall, analysts’ views on ETH lean towards short-term high-level consolidation, generally expecting a pullback after upward movement. Most recommend shorting in the 3055-3085 range, while being cautious of stop-loss risks above 3130.
From actual market data, ETH has stabilized and broken above 3100, moving towards 3130, aligning with some analysts’ bullish and partial profit-taking strategies.
For the 3130-3170 range, multiple analysts warn of strong resistance, advising caution against pullbacks and maintaining flexible operations.

5. Future Trend Prediction and Trading Suggestions
Based on the above candlestick trends and market sentiment, ETH is expected to continue oscillating between 3100-3150. A volume breakout above 3150 could push the price towards 3180-3200, testing the short-term target of 3200 mentioned in previous news.
If the upward push is blocked, a retest of 3070-3100 is likely, with larger corrections possibly retesting the 3000 level.
Short-term trading strategies should focus on the 3135-3150 resistance zone. If there is no volume confirmation for a breakout, partial profits can be taken at high levels, and core positions can be held for a potential retest.
If volume breaks above 3150, consider chasing the breakout with stop-loss around 3130.
Aggressive traders may consider shorting in the 3130-3150 resistance zone in batches, with strict stop-loss above 3150.

6. Risk Warning
From the candlestick fluctuation patterns, short-term high-level oscillations are intensifying, with rapid rises prone to pullbacks. The 3130-3150 zone sees intense battle between buyers and sellers. If the price falls below 3100, downside risks will increase, with 3000 serving as a key support for bulls.
Additionally, any sudden negative news could accelerate a correction, and rapid volume decline may lead to liquidity risks.
Close attention should be paid to changes in bullish and bearish forces, with strict risk controls and avoiding heavy positions on chasing rallies.
In summary, ETH’s current trend has entered a critical resistance zone. Investors are advised to remain cautious, adjust positions flexibly, focus on the 3130-3150 resistance band and the 3070-3100 support zone, set reasonable stop-loss levels, and manage short-term volatility risks effectively.