The current Ethereum price holds above the $3029 mark, with a 24-hour rise of 2.94% and a trading volume reaching $13.381 billion, presenting a fluctuating pattern under the dual pull of macro and technical factors. The warming expectations of Fed interest rate cuts resonate positively with the continuous net inflow of Spot ETFs, with a single-day capital injection of up to $78.58 million providing support for the price, and institutions showing clear signs of accumulation at lower levels.

However, market concerns remain, with a capital outflow of $129.2 million in the spot market offsetting part of the ETF buying momentum. The daily level is still below several key moving averages, and the downward trend line since September poses stubborn resistance. From a technical perspective, $2900 forms strong support, while resistance around $3100 awaits breakout. The intraday triangular consolidation suggests that a decisive move is approaching, and the RSI indicator shows that the market is not yet oversold, with the tug-of-war between bulls and bears continuing to escalate.

In the long run, the implementation of Surge sharding technology and the innovation of account abstraction will solidify the ecological foundation, with a high staking rate of 42% highlighting asset value recognition. The short-term trend will heavily rely on the Fed's policy statements and changes in capital flow, and after breaking through key intervals, a trending market is expected to emerge. #成长值抽奖赢iPhone17和周边 #以太坊