$ETH Today's Trading Strategy:

As of February 23, 2025, the price of Ethereum (ETH) is $2,804.29, having increased by 2.608% in the past 24 hours. On-chain data shows that institutional activity is on the rise, indicating that ETH is expected to break through key resistance levels, thereby strengthening the market.

One of the bullish factors in the market is the upcoming Ethereum staking ETF, such as the 21Shares Core Ethereum ETF, which has been submitted to the SEC for approval. These types of ETFs not only help investors earn staking rewards but may also significantly increase market demand for ETH. Additionally, the Ethereum Foundation's initiative to put ETH into DeFi protocols (like Aave and Compound) also supports the long-term growth of the ecosystem.

In terms of technical analysis, the weekly chart of ETH/BTC shows a bullish divergence pattern, which typically indicates a strong upward trend in the future. Key resistance levels are between $3,000 and $3,500. If the price can effectively break through these levels, the market may experience a noticeable rally.

On-chain data indicates that on February 6, approximately 300,000 ETH (roughly $817 million) flowed out of derivatives exchanges, reflecting a decrease in market selling pressure, and some institutions may be quietly accumulating assets. Institutional investors, including BlackRock and Cumberland, continue to increase their holdings of ETH, with BlackRock's total ETH assets exceeding $3.7 billion, showing increasing confidence in the asset.

Additionally, the Pectra upgrade, expected to launch in March, aims to improve Ethereum's scalability and reduce transaction fees. This technical improvement is likely to further boost market sentiment and provide additional support for ETH prices.

According to analysis from 10x Research, in the context of policy support (such as the repeal of SAB 121) and stablecoin inflows, ETH could achieve an increase of up to 20% in the short term. Based on this assessment, the following trading strategies can be considered:

Bullish Strategy: Enter the market when the price breaks through $3,000 with significant volume increase, with a short-term target price of $3,500 and a mid-term target price set at $4,000. A stop-loss is recommended to be set below $2,650.

Short-term Tactical Trade: Enter the market at the current price level of approximately $2,804, with a stop-loss set at 5% below the entry price, targeting a price level of approximately $3,360, consistent with the expected 20% increase.