$ETH Resistance and Support:

Strong Resistance: 1,820-1,850 (Previous High + EMA300 Pressure).

Key Support: 1,750-1,770 (4-hour EMA30 + Lower Boundary of Upward Channel).

Indicator Divergence:

Bullish Signal: Daily RSI (54) is not overbought, MACD Golden Cross continues.

Bearish Risk: 4-hour MACD momentum weakening, multiple tests of $1,820 without breakthrough.

3. Today's Core Driving Factors

Bitcoin Correlation: BTC breaking $95,000 boosts market sentiment, but ETH's upward movement is weak.

Competitive Pressure: Solana (SOL) increased 13.3% weekly, funds are flowing to other public chains.

Macroeconomic Events: US CPI data and Federal Reserve speeches may trigger volatility.

4. Operation Suggestions

Short-term Strategy:

Bullish: Lightly buy on dips to 1,770-1,750, stop loss at 1,730, target 1,820.

Bearish: If 1,820 faces repeated pressure, consider shorting, stop loss at 1,850, target $1,760.

Long-term View:

Need to break $1,850 to confirm trend reversal; otherwise, maintain range-bound movement.