Recently, ETH has been fluctuating frequently. Driven by Bitcoin, on July 14, Ethereum broke through 3000, with an increase of 2.04%. However, from July 15 to 16, mainstream cryptocurrencies such as Bitcoin and Ethereum saw a significant drop, with Bitcoin falling from a high of 123,100 to 116,300, a single-day drop of over 5%. Ethereum and others also plunged, with a drop of 4%-8%. The number of people holding contracts across the network reached 135,800, with a holding amount of 4.93 million.

From a technical perspective, Ethereum's short-term trend is characterized by intense long-short battles.

If it can hold above the key support level of 3500, there is still a chance for an upward trend;

If it falls below the 3300 support, it may continue to decline. On a macro level, global economic conditions, regulatory policies, and Ethereum's own technological upgrades will all impact its future market trends.

#以太坊连续两日领涨 $ETH