1. Market Overview Based on the latest candlestick data, ETH's current closing price is $3,353.7, breaking through recent highs and indicating a clear bullish dominance. The 14-day candlestick data shows ETH has been steadily rising from a low around $2,950, reaching a high of $3,402.89. Daily fluctuations during this period generally ranged from $50 to $120, with recent daily volatility increasing. In terms of trading volume, there has been a noticeable increase recently, with the highest single-day volume reaching 338,205, reflecting active capital and enhanced absorption capacity. Hourly candlestick analysis shows that over the past 48 hours, ETH has exhibited a stepwise upward structure, with brief retracements and quick recoveries to new highs. The current market trend is clearly bullish, with strong short-term capital support. Combined with recent news, the market has repeatedly mentioned macroeconomic support and sentiment recovery, as well as on-chain data such as large-scale stablecoin burns and ETH staking reaching new highs, which collectively contribute to ETH's recent strong performance. Large institutional and whale operations have boosted market confidence. Overall, the bullish atmosphere is strong, capital is active, and no obvious negative factors are observed.

2. Technical Analysis (1) Support and Resistance Based on the 14-day candlestick data, the recent high resistance level is at $3,402.89. If this level is effectively broken, a new upward phase could be initiated. Support levels are concentrated around the recent low points of $3,280.48 and $3,325. In the hourly chart, multiple tests of the $3,347–$3,350 support levels over the past 12 hours have been successful, with short-term support further rising to around $3,350. (2) Trends and Patterns The daily chart shows ETH steadily rising along a channel, continuously breaking previous highs, indicating a dominant bullish trend. Starting from around $2,950 fourteen days ago, ETH has expanded its consolidation range at high levels without forming large bearish candles that would break the trend. Currently, the daily chart shows a bullish alignment with limited room for correction. From the 48-hour hourly chart, ETH exhibits a "staircase" upward movement, with quick recoveries after minor pullbacks and volume surges, showing no signs of sustained selling pressure. Overall, the medium- and short-term outlook remains strong.

3. News and Policy Interpretation According to the latest on-chain information, the USDC Treasury has burned 135.6 million USDC on the ETH chain, reflecting positive changes in industry liquidity and supply dynamics. ETH staking has reached a new high, with about 30% of circulating supply locked, indicating limited selling pressure. For example, BitMine Immersion holds 4.17 million ETH, of which over 1.25 million are staked. Coupled with whale large-scale operations and profit-taking from ETH trading, on-chain activity has increased with continuous capital inflows. On the policy front, recent updates show no significant new regulations or regulatory fluctuations, maintaining a stable policy environment that provides gentle support for the overall market, conducive to sustaining high prices.

4. Analyst Opinions Summary According to the latest view from "Golden Finger Profits": “Click above to join the crypto channel #ETH (limit order)?EP: 3255-3220TP: 3305-3375-3425-3485SL: 3185,” with a reminder to focus on the support zone of 3255-3225 in the short term. If a pullback occurs, consider entering; resistance above is around 3425-3465. The "Three Horse Contract Member Group" states: “Long ETH near 3258 with 100x leverage, 2% margin, then hold at 3188 with 100x leverage, 3% margin, to take profit at 3378-3458, stop loss at 3060.” The analyst emphasizes that in daily oscillations, bullish opportunities are evident, but gradual profit-taking and breakeven adjustments should be adopted to avoid unilateral retracement risks. Comparing with the actual candlestick trend, ETH has recently approached the first target zone (3305-3375) set by analysts and is nearing the next resistance at 3425. Overall, the analyst views align with the current bullish trend, with stop-loss and support levels consistent with the lower bounds of the candlestick fluctuations, with no significant divergence.

5. Future Trend Forecast and Trading Suggestions Based on trend patterns and analyst strategies, ETH has successfully broken above and stabilized above $3,350. If volume continues to increase and a clear breakout occurs above the $3,400–$3,425 range, further upward targets at $3,458 and even $3,485 are possible. Short-term support levels are at $3,350 and $3,325; as long as these are held after pullbacks, upward potential remains. If the price falls below $3,280 again, the short-term outlook will shift to high-level consolidation, and reducing positions or waiting is advised. For trading, trend-following long positions can be added with light positions, taking partial profits near $3,425 and $3,465; if a correction occurs to the $3,350–$3,325 zone, consider partial absorption with strict stop-loss at $3,185–$3,220, prioritizing risk control.

6. Risk Warning ETH has experienced continuous rebounds, with overall volatility significantly increasing. The 14-day candlestick shows maximum daily fluctuations exceeding $120, and if the support at $3,325 is broken, rapid declines could be triggered. Large capital movements and liquidity shocks may impact the market. High leverage and high-frequency trading risks are elevated; caution is advised to prevent rapid retracements leading to stop-loss triggers. Traders should set strict stop-loss levels, control positions, avoid chasing highs or heavy holdings, and be prepared for sharp short-term corrections. Overall, the bullish trend remains dominant, and the market may continue to reach new highs, but excessive optimism should be avoided, and downside risks must be closely monitored.