$ETH Today, ETH is in a strong breakout cycle, with technicals resonating with institutional funds, but caution is needed for evening volatility and overbought pullback risks. In the short term, focus on the 2,750-2,860 range contention; in the medium to long term, if the Pectra upgrade goes smoothly and the ETF is approved, a target above $3,500 is possible.

Key observation points:

SEC's ruling progress on ETH ETF (Q3 2025);

Whale position changes and large transfer signals (on-chain monitoring tools like Etherscan);

Evening market volatility (avoid high leverage operations).

Investors are advised to strictly set stop-losses and prioritize a "buy on dip + follow the breakout" strategy to avoid emotional trading.