#打榜优质内容# Ethereum today's market analysis

1. Short-term trend is weak - ETH continued yesterday's downtrend today, reaching a low of $4398, and there are currently no obvious signs of a rebound.
On the funding side, the US spot Ethereum ETF saw a net outflow of 58.05 million USD yesterday, with significant withdrawals from Fidelity and Grayscale ETFs, while only BlackRock continued to see inflows. This indicates that institutions are lacking confidence in ETH in the short term, which may affect market sentiment.
2. Technical Analysis
Key support levels: 4300-4350 is a crucial short-term support zone, and if it breaks below, it may dip down to 4000 dollars.
Resistance level: 4500-4550 is the short-term rebound resistance. If it can break through, it may test 4700.
3. Market sentiment divergence - Bitcoin maximalist Samson Mow is bearish on ETH, believing that this recent surge is just short-term speculation for funds, with the ultimate goal of converting back to BTC.
But institutional funds are still flowing in, the overall holdings of spot ETFs are still increasing, and long-term bullish expectations remain.

Ether today's operation suggestion
Short-term: If the support at 4300 is valid, a small position can be taken to bet on a rebound, targeting 4500; if it falls below 4300, then wait and see.
Medium to long term: If Ether can stabilize above 4600, it may re-enter an upward trend; otherwise, it may continue to oscillate and adjust.
Summary: Today's ETH trend is weak, with short-term focus on the 4300 support. If it breaks down, further adjustment may occur, but medium to long-term institutional funds are still present, and a rebound cannot be ruled out. Everyone should pay attention to risks and avoid blindly bottom-fishing!