From the recent market dynamics, ETH is at a critical technical turning point.

The Federal Reserve's interest rate cut expectations and the positive signals released from the China-U.S. trade dialogue have created a relatively optimistic macro environment for the entire cryptocurrency market. Such stable international relations often attract more large funds to pay attention to the digital asset sector.
From a technical perspective, ETH has shown good resilience against declines, with several analysts noting that it is currently at an important price structure position. A well-known analyst pointed out that ETH may follow a rising pattern similar to that of Tesla and gold, expecting to go through three stages: a V-shaped recovery, consolidation, and a surge.
From the perspective of the Theory of Constraints, the market is reconstructing the trading range, and the volume pattern shows a change in the flow of institutional funds.
In terms of community sentiment, investors generally maintain a cautiously optimistic attitude, with expectations of short-term pullbacks providing entry opportunities, as well as a rational vigilance towards market volatility.
Overall, under the support of macroeconomic benefits and technical aspects, there may be certain upward opportunities for ETH in the short term, but investors still need to closely monitor the impact of important events such as the Federal Reserve's interest rate meeting.