Although last week 5 institutions had capital outflows from the ETF, the volume of selling was not large, and instead, there was some inflow into the ETH-ETF. In the medium to long term, the market still holds confidence.

In the short term, the K-line pattern shows a cloud cover, and the current price has broken through several short-term technical indicators' resistance. With the increase of bullish momentum, the market may continue to rebound and challenge the key resistance level of 107000.

The MACD fast line has broken through the DEA upwards, the histogram's positive bars continue to expand, the J value is overbought but remains at a high level, and the short-term moving averages have rebounded and broken through the medium-term moving averages, with short-term bulls dominating the trend.

However, the Bollinger Bands channel is still narrowing, and insufficient momentum may limit the rebound space. Close attention needs to be paid to the breakthrough of short-term resistance, and after standing above 107000, it will continue to attack the previous high. 28971095905