1. News Dynamics
ETH Spot ETF Approval Process: The final decision window of the U.S. SEC is approaching, and institutional trends are the biggest variable
Macroeconomic Policy Transmission: U.S. PCE inflation data will be released this Friday, which may affect the risk appetite of the crypto market
On-chain Ecosystem Progress: Layer 2 network gas consumption remains high, and ecosystem application activity remains resilient
2. Technical Analysis
Price Structure Game
Current Price2431.59 USDTsteadily above the double moving average convergence zone, with short-term bulls slightly favored
Key Volatility Range2431.50-2442.74, with the main force forming a triple order wall at 2431.50
MACD Divergence Signal
+ MACD histogram turns red and continues to expand
- DIF(-0.22) and DEA are still below the zero axisDivergence Interpretation: Downward momentum is weakening but the trend has not reversed; need to wait for DIF to cross above DEA to confirm a golden cross
Volume and Key Levels
Trading Volume: No significant increase observed, limiting breakout strength
Attack and Defense Ladder:
Breaking upwards → 2442.74 → 2480.75
Breaking downwards → 2423 Double Moving Averages → 2410 Psychological Barrier