$ETH - Technical Analysis:

- Short-term Resistance: The range of $1,900 – $1,938 is a significant resistance level. If ETH surpasses this range with strong trading volume, it may confirm a new upward trend. 

- Strong Support: A notable support level is at $1,500. If the price drops below this level, it could continue to decline towards the $1,440 range. 

-

RSI Indicator: The current RSI index is near 35, indicating that the market is in an oversold state, which may lead to a short-term price recovery.

- Fundamental Factors

• User Growth: The number of Ethereum users has increased by nearly 40% recently, indicating growing interest in this network. 

• Whale Activity: On-chain data shows that “whales” have been continuously accumulating ETH in recent days, supporting the upward price trend. 

- Overall Assessment:

Ethereum is showing positive recovery after a period of correction, with technical indicators and fundamental factors supporting the upward trend. However, investors should closely monitor key support and resistance levels to make appropriate trading decisions.