#ETH走势分析 It's not an exaggeration to say that Ethereum's current situation is awkward.

At the $3,000 level, neither the bulls nor the bears are willing to give in. From a technical perspective, it's clear: the daily EMA15 has already been lost, and the bearish momentum on the MACD continues to build. The Bollinger Bands are tightening, and if the middle band at 2976 can't hold, there's room for further downside.

But interestingly, on-chain data shows that whale addresses are still accumulating. The amount of holdings has hit a new all-time high. What exactly are these smart money players thinking?

The Fusaka upgrade has just gone live, boosting scaling efficiency by eight times. Logically, this should have been a bullish catalyst. On the institutional side, Q3 ETF net inflow data looks strong, even outperforming BTC. But Japan’s interest rate hike policy is like the Sword of Damocles, threatening to drop at any moment.

$ETH is basically walking a tightrope right now.

Conservative traders can look at the 2750 support level, which is a relatively safe zone. Aggressive bears are eyeing the 3080 to 3090 resistance area, where a lot of trapped positions are stacked up.

The market never lacks opportunities; what it lacks are people who can survive until the next bull run. Where do you think it’s headed next?