$ETH Currently, ETH is at a critical window of technical and fundamental game:

Short-term direction: If it stabilizes above $1,800 and breaks through $1,895, the medium-term target can be seen at $2,300-$2,500; otherwise, one must guard against the risk of a pullback to $1,350.

Long-term observation points:

Ecological catalysts: Expansion of the RWA track (such as BlackRock's $500 million tokenized fund) and changes in the Layer2 competitive landscape.

Macro linkage: Risks of a pullback in the US tech sector (the recent rise of the Nasdaq has already discounted interest rate cut expectations) and the delivery status of China-US LNG long-term contracts.

Investors need to closely monitor the effectiveness of the $1,700 support and the direction of SEC regulation, flexibly responding in conjunction with position management and technical signals.