Recently, the price of ETH has shown an overall trend of fluctuating upward. On the technical front, at the daily level, the ETH price has repeatedly stood above the 50-day moving average, with short-term bullish forces taking the upper hand. The MACD indicator's dual lines are operating above the zero axis, and the histogram is continuously expanding, indicating an increase in upward momentum.

From a fundamental perspective, the Ethereum Shanghai upgrade has been successfully completed, and the implementation of the staking withdrawal function has enhanced market confidence in ETH. At the same time, the continuous development of the Ethereum ecosystem, with DeFi and NFT projects continuously emerging, also supports the value of ETH. However, there are still uncertainties in the market, such as macroeconomic fluctuations and changes in regulatory policies that may bring impacts. Investors need to closely monitor price trends and market dynamics.