Ethereum is in a turbulent battle! 2480 is key, the suspense of long and short speculation escalates, is a bull market near at hand?

Ethereum fluctuated violently in the range of 2450-2520 USD today, peaking at 2513 USD before retreating, hitting a low of 2346 USD, recovering to 2466 USD, and currently hovering around 2480 USD, with a volatility of 7.3%, indicating fierce market tug-of-war.

Key support levels are locked at 2346 USD and the psychological level of 2400 USD, while pressure is concentrated at 2500 USD and higher at 2560 USD. Once it breaks through 2560, the space is expected to open up to 2626 USD; conversely, if it falls below 2346, it may short-term drop below 2300 USD.

From a technical perspective, the KDJ indicator's golden cross suggests short-term rebound momentum, but the risk of retracement still exists; the MACD bearish momentum is weakening, and bottom signals are unclear; trading volume peaks and selling pressure intertwine, keeping trading enthusiasm high.

In terms of capital, institutional ETFs have seen inflows of over 4 million USD, with long-term holders accounting for 74%, limiting selling pressure. Bulls are focusing on positioning in the 2440-2480 USD range, targeting 2560 USD. Layer 2 network activity has risen by 23%, and ecosystem expansion adds strength to the price.

On the risk front, regulatory scrutiny remains a suspense, and policies from the US and EU may disrupt market rhythm. While technological upgrades improve efficiency, Gas fee fluctuations still restrict short-term movements.

Operational strategy suggestion: Accumulate in batches at 2400-2430 USD, with a stop-loss set below 2380 USD, targeting 2500-2560 USD; aggressive traders may try shorting near 2560 with a stop-loss above 2580 USD.

From a medium to long-term perspective, the outbreak of AI smart contracts and layer 2 may push prices to challenge 3000 USD and above, but caution is needed for adjustment risks brought by macro capital changes and regulatory pressures.

Summary: Ethereum is in a critical repair window, with a decisive battle at the 2500 USD mark; who will win will be revealed in the coming days.