$ETH #TradersLeague #TradersLeagueS02

Today, Ethereum (ETH) trading presents a tug-of-war situation between bulls and bears. The current price hovers around $2870, facing a critical resistance range of $2900-$2930. If it breaks through, it could challenge the $3000 mark. Technically, the 4-hour candlestick chart shows a rising flag pattern nearing the top resistance level, with MACD indicating a bearish divergence and obvious short-term overbought signals, increasing the risk of a pullback. However, due to the easing of U.S. crypto regulations (such as the advancement of the CLARITY Act and expectations for DeFi 'innovation exemptions') and positive news regarding Ethereum ETF staking approvals, market sentiment remains optimistic. It is recommended that short-term traders pay attention to volatility after CPI data; if it stabilizes above $2850, they may attempt to go long with light positions, setting a stop loss at $2800; if it falls below $2750, it may test the support at $2736. From a medium to long-term perspective, ETH, as a core infrastructure of on-chain finance, still has upward potential driven by the development of stablecoins and RWA.