The current price trend of 16110297903 shows characteristics of high-level fluctuations.

After experiencing a continuous surge for three days, it has retreated to around $2584, with an intraday fluctuation range of $2505-$2699.

From a technical perspective, although the daily RSI has retreated from the overbought area, it still remains in a strong zone, and the MACD maintains a golden cross. The price has broken through the long-term downward trend line, and the overall technical structure is bullish.

In terms of market momentum, ETH has recently performed significantly better than BTC, with a seven-day increase of 43.05%, and the ETH/BTC exchange rate has obviously rebounded.

Institutional funds continue to flow into spot ETFs, with a net increase of $13.5 million on May 14, in stark contrast to the outflow of funds from the Bitcoin ETF. The derivatives market has seen open interest reach a historical high of $33.12 billion, increasing liquidation pressure on short positions.

Key resistance levels are concentrated in the $2720-$2750 range, where the weekly 0.5 Fibonacci retracement level and long-term diagonal resistance line converge.

If effectively broken, based on the round bottom pattern, the mid-term target could be seen at $3600-$4000.

Short-term support to watch is at $2430 (200-day moving average) and the psychological level of $2400-$2500.