• The recent 15-minute candlestick chart of Ethereum shows that the price of ETH/USDT rose from $2945.39 to $2970.68 between July 13, 2025, at 09:15 and July 14, 2025, at 09:00, an increase of 0.86%.

  • In terms of technical indicators, multiple signals present a certain degree of contradiction:

    • Positive signals include OBV (On-Balance Volume) crossing above its moving average, a MACD golden cross, and the price breaking through the middle band of the Bollinger Bands, among other bullish signs.

    • At the same time, some signals such as RSI declining, the middle band of the Bollinger Bands being crossed downwards, and KDJ death cross suggest that there may be adjustments or pullbacks in the short term.

  • In the past few hours, the price reached a local high of $2988 but failed to form an effective breakthrough and currently appears slightly weak.

2. Main Capital Flow and Market Sentiment

  • In the past 24 hours, major order data shows:

    • The total amount of main buy orders executed is $219 million, while the total amount of sell orders reached $267 million, resulting in a net outflow of about $47.67 million, indicating that the overall sentiment is bearish, with significant selling pressure and a clear willingness to short.

    • The largest sell order occurred on July 14 at 05:38, totaling $27.12 million at a price of $2950, which may further suppress the short-term upward momentum of the price.

  • Overall, the distribution of chips in the market is currently relatively sparse, enhancing the potential for price breakthroughs. However, it should be noted that around $3000, there are recent support and resistance levels, indicating that this range may face significant competition.

3. Expectation of Price Recovery and Network Activity

  • The market generally expects Ethereum to follow Bitcoin's strong performance for a rebound. Currently, many voices predict it may challenge the important resistance level of $3200.

  • The rebound activity on other cryptocurrencies like Solana (SOL) may also provide a boosting effect on ETH. Especially with innovative measures in the zk-rollup (Zero-Knowledge Rollup) field, Ethereum's technical advantages are attracting more institutional attention, which may benefit the ecosystem.