#比特币与黄金战争 Ethereum has been bouncing between $2900 and $3000, and a few days ago, it hit around $2990 before being pushed back down, with selling pressure quite evident.

Looking at the entire market, ETF funds continue to flow in, but at the same time, the market is also frequently taking profits, with neither bulls nor bears able to dominate. Additionally, if Bitcoin cannot hold above the $87,000 level, the overall market sentiment risks being dragged down.

From a technical perspective. The 4-hour chart appears somewhat sluggish, lacking a clear direction. The key support level to watch is $2890, while the resistance remains at the $3000 psychological level. Trading volume has not shown any significant increase, making a trend-based move unlikely in the short term.

Long-term network upgrades are generally positive, but they also reduce trading costs, which can attract a lot of high-frequency traders and arbitrageurs, leading to increased market volatility.

The trading logic is simple—just watch. The core is whether $2890 can hold. If it does, there might still be a chance to test the $3000 level; if it breaks down with increased volume, be prepared for further correction. Until a volume breakout occurs at a key level, it's best not to rush into action.