#ETH走势分析 let's talk about $ETH 's price action over the past two days. On the night of December 4th, the price touched 3240 and then started to pull back, mainly due to short-term overbought conditions. After that, it plunged together with BTC, dropping as low as 3064. However, this dip was quickly bought up, and now it's already rebounded to 3150. The hourly RSI has also climbed from the oversold area of 35 up to 55, so it's caught a breather.

Technically, the daily chart left a long lower wick, and the lows are getting higher, which indicates that the buying interest hasn't faded and the 3064 level is holding up pretty well. Right now, whether 3150 can be held is key; if it doesn't hold, we might see another test of 3100 or even 3064. To the upside, first watch the resistance zone at 3180-3220. Only if it breaks above yesterday's 3240 high will the upside really open up.

On the fundamentals side, there are some interesting developments. On December 4th, the Fusaka upgrade went live, which significantly reduced Layer2 fees and improved the user experience with features like Face ID signing. Also, on December 1st, the ETH ETF saw a single-day net inflow of $180 million, with total institutional holdings now over $13 billion, so long-term positions are gradually being locked in.

But to be honest, in the short term, it still depends on BTC's movement. The capital inflow isn't that aggressive, and trading volume has clearly shrunk over the past two days. It's most likely going to keep moving sideways in a range, so don't rush to chase the highs—wait until the direction becomes clear.