1. Market Overview Based on the latest ETH candlestick data, the current ETH market price is 3003.97, referencing the most recent hourly K-line (close: 3003.97). The daily chart over the past 14 days shows ETH maintaining a range-bound movement between 2940 and 3030, with decreasing volatility. In the past two days, prices have been between 2970 and 3010, with short-term fluctuations clearly slowing down. In terms of trading volume, it remains relatively low in the short term, with recent two-day volumes of 5379.82 and 91911.8, significantly reduced from last week's highs. Market sentiment analysis indicates a cautious and short-term adjustment atmosphere, combined with news reports of ETF fund outflows and on-chain whale activity, suggesting that the current bullish and bearish forces are temporarily balanced but with underlying uncertainties.

2. Technical Analysis By analyzing 14 consecutive daily K-lines and 48-hour hourly K-lines, ETH's support levels are mainly at this week's low of 2995 and the concentrated trading zone around 2950 from last week. The first downside risk focus is on the 2920-2950 range. Resistance above is notably at 3010-3028, with no signs of a breakthrough above 3030. In the past 48 hours, ETH has mostly fluctuated around 3000, testing resistance at 3005-3010 multiple times before pulling back. The hourly K-line shows a pattern of quick rises followed by declines, indicating selling pressure remains above, with volume increasing significantly during upward moves. If short-term support breaks below 2990, support levels will shift down to around the previous daily low of 2950. Overall, ETH is currently in a narrow consolidation phase, lacking a clear directional trend.

3. News and Policy Interpretation Market news shows that large ETH staking by Bitmine (461,504 ETH, worth nearly 1.4 billion USD) has a positive impact on market security and ecology. However, following this news, prices did not experience a breakout, and market reaction was relatively weak. Additionally, reports mention that if ETH breaks through the 3000 USD resistance, a 15-20% increase could occur, but prices have repeatedly been blocked in the 3010-3028 range without effective upward movement, indicating lack of market confidence. Furthermore, recent large withdrawals from spot ETFs, active large trades on Binance, and ETH inflows reaching a six-month high suggest increased short-term selling pressure and whale selling preparations. No new policies or macro regulatory changes have been announced that significantly impact the current market.

4. Analyst Opinions Consolidated analysis indicates that "ETH 3044 is still a relatively key level, worth paying close attention to," and recommends "long positions can be closed, while this short position can continue to be held." Based on actual K-line movements, ETH has repeatedly tested the 3005-3010 zone and then declined, failing to break through significantly. Resistance above is clear, and the analyst's strategy aligns with the market, suggesting monitoring targets at 3044, 3005, 2955, 2900, and 2850, with a stop-loss at 3130. Currently, there are no bullish signals from analysts; the focus remains on short-term corrections and key resistance levels, which aligns closely with the K-line trend.

5. Future Trend Prediction and Trading Suggestions Based on current K-line patterns and volume, ETH is unlikely to effectively break through the 3010-3030 resistance in the short to medium term. If it falls below 2990-2950, there is a risk of retesting 2920 or even 2900. The key resistance at 3044, if broken strongly, could target around 3200 (from daily high of 3028 and analyst opinions), but given current volume and rebound strength, this scenario is unlikely in the short term. Investors should focus on support levels at 2990 and 2950, and resistance zones at 3010, 3030, and 3044. Short-term trading should mainly involve buying on dips and selling on rallies, with order placements referencing analyst suggestions at 3055-3085 for shorts, targeting retracements to 3005-2900, and setting stop-loss above 3130.

6. Risk Warning Based on the last 48 hours and 14-day candlestick data, ETH market volatility has narrowed, but trading activity has intermittently increased, indicating higher short-term trading participation. However, the market direction remains uncertain. External news or concentrated selling pressure from major players could intensify downward movements. Key resistance levels are at 3010-3030; a volume breakout above this range would require timely adjustment of short strategies. Conversely, if support at 2950 is broken with increased volume, watch out for accelerated declines toward 2900 or lower. Investors should strictly control positions and stop-losses, avoid blindly chasing gains or losses, and stay alert to key price level changes.