Last night, ETH was in a range-bound state.

The price is above the bullish moving averages, but short-term momentum is weakening and is approaching a strong resistance level of 4609.79. External environment influence: Market sentiment is neutral, there is no obvious pressure or favorable macro environment, and news is mixed. Main potential risk: Missing trading volume data makes it impossible to confirm the relationship between volume and price, increasing the uncertainty of signals. The price fluctuates between support and resistance, and while the short-term trend is bullish, momentum is clearly weakening. The technical picture shows the price above the bullish moving averages, indicating that there is still some upward potential in the medium-term trend. However, the price is close to a strong resistance level of 4609.79, which may face significant upward pressure. Additionally, the lack of trading volume data reduces the reliability of key signals, further increasing market uncertainty. In terms of external environment, market sentiment is neutral, and there are no significant changes in macro pressure indicators (US dollar index and treasury yield), nor any major event risks recently. The news presents a mixed state, with ETH whales accumulating and financing benefits boosting confidence, but hacker attacks and technical pressure limit the market's optimistic sentiment. The bullish engulfing pattern suggests short-term rebound opportunities, but requires confirmation from trading volume. Missing trading volume data: It is impossible to confirm the relationship between volume and price, increasing the uncertainty of signals.

Overall environment rating: The external environment is rated as "neutral". Core evidence: Market sentiment: The Fear & Greed Index shows market sentiment is neutral, with no extreme emotions. Macro pressure: There is missing data for the US dollar index and treasury yield, indicating no significant macro pressure. News: ETH whales accumulating and financing benefits boost confidence, but hacker attacks and technical pressure are evident, leading to overall unclear sentiment. #ETH创历史新高 $ETH