1. Real-time trends and short-term pressure

Price range: ETH is currently fluctuating around $2,423, with a daily high of $2,460 and a low of $2,391.

Key support level:
$2,400–2,420: Recently, there have been multiple rebounds without breaking through, and the demand from buyers is actively intervening.
$2,349–2,426: There are a large number of holding nodes, forming a strong buying buffer.

short-term resistance level:
$2,450–2,460: Multiple resistance levels have blocked the rise, and recent attempts to break through have been thwarted.

$2,510–2,520: If it holds steady, it will open up upward space, targeting $2,600–2,800.

🌀 2. Technical Analysis

Consolidation has lasted for a long time: After a big rise in May (~50%), ETH has been range-bound in the $2,400–2,700 range.

EMA and RSI:
EMA50 supports the current trend.

The RSI has fallen to a neutral and weak stage. If the RSI rises again, it will confirm a rebound.

Expected Pattern:
The daily chart is forming a "cup and handle" pattern. Once it breaks through $2,750 effectively, the target will surge to $3,000 or even $4,100.

The Wyckoff re-accumulation structure indicates a "Big rally incoming," with analysts predicting ETH could hit $3,200 or even peak at $9,000〜10,000.

⚡ 3. Market Events and Fundamental Forces

Rapid rebound after the plunge on June 21: briefly dropped to $2,224, then rose back to $2,292, with trading volume reaching five times the usual, reflecting strong buying pressure.

ETF and Institutional Fund Flows: Analysis since May indicates that the influx of funds has driven the rebound, with ETF funds providing continuous support.

Upgrade Catalyst: In the medium term, focus on the "" upgrade in mid-2025, which will expand Layer-2 capacity, with more flexible fee payment and validator mechanisms, expected to strengthen price support from the supply side.

🎯 4. Mid-term trend outlook
Short-term (a few days to 1 week) $2,400 support is solid → If it breaks through $2,520, the target points to $2,600–$2,800, you can accumulate on dips and lightly chase up. Medium-term (a few weeks to 0.5 month) if it breaks through $2,750, confirm the "cup and handle" pattern, or if it hits $3,000–$3,200, it can be held for medium to long-term. Long-term (6 months to 1 year) if the tech boom continues and upgrades add momentum, the upward expectation could reach $5,000 or even $10,000, adjust positions based on individual risk preferences.

✅ Comprehensive analysis recommendations

Within the day, short-term layouts can be made in the $2,400–2,420 range, paying attention to breakout signals.

Pay close attention to the $2,510–2,520 resistance. Once it breaks through with increasing volume, you can quickly chase the rise.

In the medium term, pay attention to the breaking of $2,750 to confirm the upward trend.

Pay close attention to ETF inflows, upgrades, global policies, and geopolitical impacts from a macro perspective.

Overall, ETH is currently in a strong support + technical formation bottoming stage, with short-term highs pressured at the $2,520–2,550 resistance level; if it can break through with volume, it may trigger a new rally above 3,000. Further medium to long-term investments need to pay attention to market funds and upgrade progress.