📌 【Today's Ethereum Market Overview】
Ethereum is currently priced at approximately $3,558, down about 3.7% from yesterday, with intraday fluctuations between $3,543 and $3,697. From a technical perspective, ETH is in a short-term downward channel; if it cannot maintain support at $3,550, it may continue to approach $3,500. However, if it rebounds and breaks through $3,650, the upward trend is likely to continue, with targets focusing on the $3,700–$3,800 range.
On the fundamental side, institutional allocation in ETH remains strong: BitMine has increased its holdings by over $1 billion, and The Ether Machine plans to manage $1.5 billion in ETH assets. Additionally, with stablecoins and the DeFi ecosystem continuing to be active, long-term demand for ETH remains solid. A pullback to $3,500–$3,550 could be considered for buying, and a breakthrough of $3,650 with sufficient volume could warrant timely accumulation; if it drops below $3,500, caution is advised, or one should set stop-loss and take-profit levels.
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