Family, today Hao Ge is here to chat with everyone about the market trends of Ethereum (ETH). We will analyze it comprehensively from multiple dimensions, including technical indicators, on-chain dynamics, institutional views, and market sentiment.

First, let's look at the latest quote; ETH is now at $3,530.55, with a 24-hour decline of -6.34%. Over the past week, it has been fluctuating in the range of $3,480 - $3,900. In the short term, the support level is at $3,529, while the resistance level is at $3,943.

Now let's talk about trading volume; the 24-hour trading volume has reached $41.34 billion. Moreover, while the price is falling, the trading volume has also increased, indicating that selling pressure is intensifying. Additionally, there is a situation where whale addresses have accumulated 63,000 ETH in the past 48 hours, spending about $240 million, with an average price of $3,820. However, it appears that they are already facing an unrealized loss of over $10 million, which may trigger passive selling pressure later.

On the Ethereum Foundation's side, they have been transferring 1,000 ETH to internal addresses for four consecutive days, which is approximately $3.84 million each day. This operation seems to be preparation for an upgrade or staking.

So how should we set our short-term strategy? In the range of $3,440 - $3,488, there is an opportunity for a rebound from an oversold condition, and everyone can try to go long with a small position, but the stop loss must be set below $3,400. If it rebounds to the $3,800 - $3,900 range, consider reducing your position at a high.

Finally, Hao Ge will give everyone today's trading guide: short around $3,535 - $3,558, with a target at $3,495 - $3,430. In the next couple of days, it might also drop to around $3,395 - $3,370. However, as always, the cryptocurrency market is highly volatile, so investment decisions should be made with caution! #ETH