The current status of the market is in a high-level consolidation phase, with both technical indicators and external environment showing a neutral yet complex characteristic. From a technical perspective, the bullish arrangement of moving averages and the price being significantly above the moving averages create a strong bullish resonance signal, indicating that the market trend still has some upward momentum. However, the appearance of the evening star pattern and the RSI being in the overbought region suggest that the market may face correction pressure in the short term. Additionally, the price approaching the upper Bollinger Band further reinforces the possibility of a short-term correction.
In terms of the external environment, market sentiment is neutral, with ETH and the DeFi sector performing strongly, but the outflow of main funds and the uncertainty of U.S. tariff policies bring some pressure to the market. Overall, ETH may maintain high-level fluctuations in the short term, and it is necessary to closely monitor the breakthrough of the key resistance level at 4248.87 or the possibility of a pullback to the support level at 3534.3.
For ETH, the range is around 4250 to 4200, with a target of 4100.
For BTC, the range is around 118000 to 117000, with a target of 116000.
