1. Market Overview

Based on the latest 14-day ETH daily chart and the recent 48-hour hourly chart data, ETH's current market price is 3248.01, directly taken from the latest hourly closing price. Recently, ETH experienced a period of oscillation and adjustment, with the overall fluctuation range significantly narrowing at high levels. The highest point in the past 14 days was 3308.86, and the lowest touched 3135.02, indicating that the market has been consolidating at high levels recently. In terms of volume, trading volume has noticeably declined over the past two days. From the 14-day daily chart data, the volume at previous highs reached 272,697, and during downward correction, volume gradually decreased, indicating that the upward momentum has been somewhat exhausted and short-term sentiment is more cautious. According to market news and analyst opinions, the fundamentals of Ethereum are viewed positively, but there are emerging disagreements in trading strategies. Most analysts focus on support levels, and related news shows growth in DeFi leverage and applications, providing structural support for prices. Currently, market sentiment has become cautious after retreating from highs.

2. Technical Analysis
Combining the 14-day daily chart and the 48-hour hourly chart data, ETH is currently in a clear high-level consolidation. The high point in the past 14 days was 3308.86, forming the first resistance above, with 3135.02 seen as short-term support. From the chart arrangement, after a rally from around 2900 to 3300 and subsequent correction, the price center of gravity has gradually risen. The hourly chart shows that in the past 48 hours, ETH's overall trading range fluctuated between 3183.27 and 3308.86. Short-term support mainly concentrates around 3240—3220, with multiple validations in recent hours at the 3240 level. Recent highs have been resisted at 3272.34—3308.86, indicating that bullish momentum is slowing. Volume-wise, recent hourly candles have repeatedly oscillated within the range with decreasing volume; for example, at timestamp 1767708000, volume was as high as 49211.8, while in the last hour, only 2236.65, suggesting insufficient buying enthusiasm and increased short-term trading. Larger bullish candles recently appeared in the 3277.62—3296.84 range, with volume increasing during upward pushes, indicating that bulls are attempting to break through resistance, but volume support is still insufficient for a breakout.

3. News and Policy Interpretation
In terms of news, reports such as "Ethereum DeFi TVL has grown to 9 times that of other competing networks" and "Ethereum prepares to break Bitcoin" have injected confidence into ETH's medium- to long-term fundamentals. However, recent news like "Coinbase temporarily delisting ETH-DAI trading pairs" may cause short-term liquidity and confidence disruptions. The large ETH staking reward news from SharpLink has indirectly boosted market sentiment, demonstrating that major investors and corporate users are optimistic about ETH's value. From the daily chart perspective, ETH has not shown significant movements recently, indicating that the current positive news has not yet triggered a market rally. On the policy front, no new regulations have been introduced in the past month, so there are no direct variables affecting the market.

4. Analyst Opinions
Analyst views are mixed. "Crypto Punk" believes: "ETH has recovered above the key 3157 level in the short term... as long as BTC continues to rally, ETH has a chance to challenge the 3370 key level," noting that the current selling pressure has been largely absorbed and the market may see a new rally. Their assessment aligns with the current resistance zone near 3270, where ETH has been repeatedly resisted. "San Ma Ge Coin Circle Analysis" emphasizes "ETH has support at 3168 and sideways at 3088, with resistance at 3500," focusing on the 3220—3250 range for trading, and reminds that some positions are being replenished at 3088. Their analysis matches the recent high and low points distribution. Currently, the price has not effectively broken through 3280; mid-term resistance remains at previous highs. "Brother Chen Contract Member Group" suggests "Ethereum may have a potential double bottom pattern," noting that the recent 14-day candles indeed bottomed twice near 3135, which can be viewed as a double bottom structure, supported by technical analysis. "Hammer Trader Contract Trading" states: "Ethereum's highest at 3263, surpassing the third take-profit level, gaining 113 points," providing clear operational guidance around 3240. Overall, analysts tend to focus on support at 3088—3168, resistance at 3270—3300, with 3500 as a secondary target, contingent on breaking previous highs with volume.

5. Future Trend Prediction and Trading Suggestions
From the data, ETH is currently at a critical watershed. If the price can stabilize above 3240 and break through the 3270—3300 range with sustained volume, it may challenge the previous high of 3308.86 and further rise toward 3370—3500. However, if it fails to break through, resistance above will persist. Some analysts suggest that 3088—3168 can be viewed as a pullback and replenishment zone, suitable for phased positioning. Given the low market volume, short-term consolidation and oscillation are expected. Investors are advised to operate within the range: watch for resistance at 3270 and 3300, with a breakout targeting higher; support levels are at 3220, 3168, and 3088. A break below 3220 should prompt reducing positions, while holding above 3168 may present rebound opportunities. Do not blindly chase after breakouts; aggressive traders may consider entering on a breakout above 3240 with stop-loss below 3220.

6. Risk Warning
Based on the candle data, ETH's high-level volatility has significantly narrowed, with light trading activity and an unclear trend direction. Without volume support, upward moves may face quick pullbacks; a break below 3168 will test the key support at 3088. When volume declines sharply, the risk of chasing the market increases, and position and stop-loss controls should be strict during high volatility. Pay attention to sudden market events and changes in trading pairs that may impact short-term liquidity. In summary, investors should remain calm during high-level consolidation, adapt flexibly to range fluctuations, and be cautious of risks if support levels are broken. Only after volume confirms a clear breakout should follow-up positions be considered.