Ethereum's recent performance remains quite stable. Not only is the technical outlook looking good, but on-chain transactions are also becoming more active, so ETH is steadily holding above the $3000 level. Bitcoin, on the other hand, is more affected by macroeconomic factors—Middle East tensions, global financial fluctuations—all influencing its movement, and market enthusiasm hasn't cooled down.

Looking at the daily K-line chart, ETH has completely broken out of its previous downtrend channel. More importantly, the $3000 level has now become a true support. Recently, the price surged to the $3300-$3700 range, encountering significant sell orders, leading to a series of pullbacks. This area coincides with medium- and long-term moving averages, making it a strong resistance zone. Bulls will need stronger buying momentum to break through. However, the RSI indicator is still okay; although it has retreated from overbought levels, it hasn't turned bearish. As long as the price can stay above $3000 and continue to make higher lows, there’s still potential for further upward movement. The key support level is $2700—if it holds, the overall trend remains bullish, but to regain strength, the $3500 resistance is very critical.

Looking at the 4-hour chart, ETH is currently oscillating just above $3000, which is essentially a consolidation phase after an upward move. The $3000-$3100 range is a crucial battleground. If there’s a volume breakout above $3300, there’s a chance to push toward $3500, or even test $4000. Conversely, if volume breaks down below $3000, the price could retreat to around $2900, and further declines might probe near $2600.

On-chain data also shows positive signals. After a period of decline, Ethereum’s active addresses have rebounded and are now stable above 400,000. History suggests that increasing active addresses usually indicate growing real demand. Additionally, DeFi and staking activities are heating up, making Ethereum’s medium-term trend worth paying more attention to. However, for short-term trading, risk awareness should always be a priority.