ETH 4298 USD fluctuates with hidden secrets! Technical and news engines start, is the bottom-fishing opportunity already here?
Exclusive analysis by Financial Sister: The technical aspect hides three major signals, and the news front triggers three waves of good news
Currently, the price of Ethereum remains steady at 4298 USD, combined with the latest technical and news dynamics, Financial Sister breaks down the market code for you!
Three key technical signals
Strong support level: A strong support zone has formed around 4205 USD, historical data verifies that this position has triggered rebounds multiple times. The current price of 4298 USD is only 93 USD above the support level; if it holds this position, the rebound space can reach 285 USD.
BOLL band balances the market: The middle track at 4325 USD constitutes a short-term resistance level, with prices fluctuating around the middle track, indicating that the market has entered a consolidation phase. If it breaks through the middle track, the upward space will open up to the upper band area of 4429 USD.
MACD is weak but shows signs of reversal: Although DIF and DEA are negative, the MACD histogram is narrowing, indicating a decrease in downward momentum. Combined with the Fibonacci 38.2% retracement level of 4384 USD, if it breaks through this level with volume, a trend reversal can be confirmed.
Three major news positives resonate
Institutional funds flood in: BlackRock's ETH ETF has a net inflow of 1.17 billion USD in a single month, Fidelity's FETH attracts 113 million USD in a single day, and institutional holding costs are concentrated between 3300-3500 USD; the current price is discounted by 30%, forming a momentum for catch-up.
Technical upgrades ignite the ecosystem: The Pectra upgrade doubles the block capacity and reduces Gas fees by 80%. Layer 2 solutions like StarkWare handle 120 million transactions in a single day, and Blob sharding technology reduces Rollup fees by 90%, with small payment scenarios soaring to 39%.
Policy dividends continue to be released: The EU's MiCA framework clarifies the compliant status of ETH. Although the US SEC has not explicitly defined it as non-security, institutions have pushed up the holding cost line to 3200 USD through compliant staking, compounded by the Federal Reserve's interest rate cut cycle, conservative funds accelerate the allocation of crypto assets.
The technical aspect shows a decrease in downward momentum, and the news front's institutional funds combined with ecosystem upgrades form strong support. The current price is close to the support level, making it a golden window for gradual accumulation.
Bull markets do not speak of tops, but one must respect the trend and strictly stop-loss to protect the principal!
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