Ethereum's ecosystem continues to thrive after the Shanghai upgrade, coupled with the market's dual expectations for "Ethereum ETF" and the Federal Reserve's easing policy, providing strong support for the industry fundamentals. Historical experience shows that when technological bottoming and industry favorable conditions resonate, Ethereum often experiences a trend rebound.
The price has stabilized after stopping the decline at the strong support level of 3400. Although it is currently in a downward trend, the downward momentum has significantly weakened, and there are clear signals of bottoming.
It is recommended to buy around 3850-3900, with targets of 4000 and 4100.
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ETH Analysis:
Ethereum's ecosystem continues to thrive after the Shanghai upgrade, coupled with the market's dual expectations for "Ethereum ETF" and the Federal Reserve's easing policy, providing strong support for the industry fundamentals. Historical experience shows that when technological bottoming and industry favorable conditions resonate, Ethereum often experiences a trend rebound.
The price has stabilized after stopping the decline at the strong support level of 3400. Although it is currently in a downward trend, the downward momentum has significantly weakened, and there are clear signals of bottoming.
It is recommended to buy around 3850-3900, with targets of 4000 and 4100.