#ETH is currently at a critical stage transitioning from a volatile market to a trending market

Core Conclusion

Short-term (1-4 weeks): The volatile market pattern continues

Bull and bear forces are in a stalemate:

Bearish pressure: Exchange reserves of 18.51 million ETH (high-level consolidation), bullish liquidation volume of 581,800 ETH (+4.46%), coupled with a general decline in the TVL of leading DeFi protocols (Lido -1.66%, Aave -0.47%).

Bullish support: Funding rates turning positive (0.01377434), staking volume steadily increasing to 36.11 million ETH (+0.02%), significant whale accumulation signals (single address deposit of $2.107 billion).

Clear volatility range:

Strong support: $3,800 (30-day moving average + leverage bullish liquidation defense line).

Strong resistance: $4,500 (previous high + area of concentrated selling pressure on exchanges).

Current price: $4,284 (located in the middle of the range).