#代币流动信号 Short-term (February-March):

Optimistic scenario: Break through $4,000, target $4,500-5,000 (if ETF approval or upgrade is implemented).

Neutral scenario: Oscillate in the $3,000-4,000 range, waiting for direction confirmation.

Pessimistic scenario: Fall below $3,000, and drop to $2,800-2,500 (if negative events ferment).

Medium-term (first half of 2025):

With the completion of the Pectra upgrade and the market digesting the positive news, ETH may resume its upward trend, with a target of $6,000.

If the macro environment deteriorates, it may consolidate in the $3,000-4,000 range.

Long-term (2025 whole year):

Bull market forecast: If institutional funds continue to flow in, ETH may break through the historical high and reach $8,000-10,000.

Bear market forecast: If external risks intensify, it may retreat to $2,000 at the lowest.