#ETH# 8.7 Afternoon Analysis


The current price of ETH is rising with strong momentum, breaking through key resistance levels on the technical front and increasing trading volume. On-chain DeFi protocol activity is recovering, institutional funds are continuously flowing in, and combined with the expectation of the Ethereum 2.0 upgrade, market bullish sentiment is strong, suggesting that the short-term upward trend is likely to continue.
Suggestion: Buy around 3670 to 3700, watch 3730
ETH-0.7%
DEFI-1.13%
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