Today's ETH Trading Recommendation Ethereum has experienced a pullback today, following the overall market, with a rise of about 1%, mainly influenced by Bitcoin price fluctuations. From a technical perspective, the price has found certain support in the range of $3,000-$3,050. Although there has been a pullback, it has not fallen below the key moving average system, and the medium-term upward trend remains intact.

Market sentiment is cautious, and the significant decrease in futures open interest indicates a wait-and-see attitude among traders. However, on-chain data such as whales increasing their positions against the trend and a decline in exchange reserves suggest a long-term bullish outlook.

Short-term forecast (1-3 days )

1. Fluctuation consolidation: It is expected that the price will fluctuate in the range of $3,150-$3,300, digesting recent profit-taking.

2. Key observation points:

◦ If it loses support at 3100, it may test the 3000 support.

◦ If it rises above 3400, it is expected to challenge the 3700 support.

3. Operation Suggestions:

◦ Range traders: high sell low buy between 3150-3300 USD

◦ Long-term holders: Buy in batches below $3150, with a support level at $2950.

◦ Observers: Consider entering after breaking and stabilizing above $3400.

Conclusion

Ethereum is currently in a pullback phase, but the overall rising trend has not changed. In the short term, it will mainly focus on fluctuation and consolidation, paying attention to the support at 3150 USD and resistance at 3400 USD. #Gate10月透明度报告出炉 $ETH