#数字资产市场动态 Ethereum's recent rally has hit a snag, and it's really hard to predict the short-term direction. But it's not a big problem—the long-term bull market fundamentals are still intact.

Let's look at the good news first. Around 3100, the price is repeatedly testing lows. On a smaller timeframe, it's clear that the "lows are getting higher," which indicates accumulation before an upward breakout. The upward trend that started in June this year remains unbroken, and this pullback is essentially a pause within the rally.

Now, the bad news. Over the past couple of days, the market has been quite fearful—fear and greed index has fallen to 25, which is in the extreme fear zone. Sentiment is somewhat scattered. The price is still testing the 50-day moving average repeatedly, and the short-term momentum is clearly lacking. It's hard to see a clear direction for now.

Currently, there are two key points: short-term traders should watch the 2800 support level and the 3100 resistance level; medium- to long-term investors can wait for the weekly chart to confirm a bullish pattern.

As for trading strategy, the current approach is leaning bullish. You can enter in batches between 2885 and 2935, aiming for the first target around 2985. If that breaks through, look for further gains toward 3040. Remember to control your position size! Don't get caught up in short-term volatility. $ETH