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##CPI数据来袭 Ethereum Price Analysis and Operational Strategy Core Interpretation of News

Three Major Driving Forces for Short-Term Rise

Pectra Upgrade Implementation: On May 7, Ethereum completed a key upgrade that optimized the staking mechanism and Layer 2 interaction efficiency, lowered user thresholds, and enhanced on-chain activity, directly stimulating market confidence.

BlackRock ETF Staking Proposal: If the SEC approves BlackRock's Ethereum ETF staking feature, ETH will transform into an “income-generating asset,” attracting traditional funds into the market, increasing long-term demand.

Regulatory Easing: The Trump administration appointed crypto-friendly leaders to the SEC, reducing policy risks, and the market anticipates that more altcoin ETFs may be approved, driving sector rotation.

Potential Risk Points

Staking Model Controversy: Some opinions argue that ETH loses its “electricity cost support” after transitioning to PoS, with staking returns relying on market confidence. Increased selling pressure may trigger a price collapse.

Bitcoin Bloodsucking Effect: Bitcoin's market share still exceeds 54%. If it continues to dominate, the upside potential for altcoins is limited.

Technical Overbought Signals: ETH's short-term RSI has entered the overbought range, requiring caution for potential pullback risks.

Key Technical Signals

Short-Term Trend: Strong breakout but requires validation.

Price Pattern: ETH surged from $1812 to $2584, forming a “three consecutive ups” and “U-shaped bottom” structure, with a short-term target of $2700-$2800, and a potential push to $3000 after breaking through.

Support and Resistance:

Support Level: $2430; if it breaks below, it may pull back to $2144 (100-day moving average).

Resistance Levels: $2600, $3000

Volume Verification: Recent trading volume surged by 25%. Caution is needed if volume decreases during a pullback.

Medium to Long-Term Trend: Bull Market Foundation Remains

Whales Hoarding Coins: Addresses holding 10,000-100,000 ETH have reached peak levels since March 2025, and institutions continue to accumulate, releasing bullish signals.

Technical Upgrade Potential: If the Pectra upgrade continues to improve network efficiency, combined with the RISC-V instruction set proposal, ETH could potentially break through $5000 in the long term.

Operational Strategy Recommendations

1. Short-Term Traders (1-7 days)

Bullish Strategy:

If ETH holds above $2500, a light long position can be initiated with a target of $2700-$2800, and a stop loss set at $2430.

Increase position after breaking $2600, focusing on $3000 resistance level.

If Bitcoin's market share drops below 50%, funds will accelerate rotation to ETH and altcoins.

Core Operation: Do not chase highs in the short term; pullbacks are opportunities; remain bullish in the long term but keep enough reserves to respond to volatility.