Recently, there have been reports about Ethereum ETFs, mentioning that the net fund outflow is not small, but this has instead drawn my attention to some interesting signals on the chart. It seems that the bullish momentum remains quite robust.

Currently, ETH is priced at $2971.62, with an RSI reading of 52.1, and the overall trend continues to favor the bulls. Looking at key levels: support is at $2912.19, resistance at $3031.05, and the most critical breakout point is at $3016.19. This level is quite interesting—once it stabilizes above, it could theoretically trigger a relatively strong upward rally.

The outflow of ETF funds is indeed worth noting, as it may cause short-term sentiment disturbances, but from a technical perspective, the fundamentals seem to support the current bullish outlook.

My plan is as follows: I already hold some positions and plan to gradually build up at the $3016.19 level. If all goes well, my target is above $3200. I am also prepared for defense, with a stop-loss set at $2912.19, leaving enough room for maneuver.

Honestly, I am still optimistic about this breakout opportunity. The resonance between technical and fundamental analysis often does not deceive. Friends who have thoughts on this analysis are welcome to discuss in the comments.