$ETH ETH ### Recent Market Review and Outlook for ETH

Ethereum has fluctuated in the range of 2500 to 2700 USD recently, supported by expectations of the Pectra upgrade, but weakened in the short term due to market pressure. Technically, it needs to hold the 2400 USD level to avoid large-scale unlocking and selling pressure of staked tokens. In the long term, if the spot ETF is approved and Layer 2 adoption increases, it may test 5500 USD by the end of the year. In the short term, the market is still dominated by BTC and geopolitical risks, so it is recommended to pay attention to on-chain data and changes in institutional positions.