1. Market Overview: Lack of Guidance, ETH in Consolidation

Yesterday, ETH continued to maintain a slight oscillation trend, overall lacking directional guidance.

Recently, the focus of the market has been on SanDisk and SK Hynix, which tested the previous high resistance level again yesterday, showing signs of a new round of bullish momentum technically, worthy of continued tracking.

In terms of fundamentals:

• Qatar and U.S. Treasury Secretary Yellen both stated on Tuesday that an agreement involving the Strait of Hormuz is nearing completion. Iran is considering allowing Europe to participate in mine clearance efforts, which could facilitate the resumption of shipping in this strategic waterway and become part of easing U.S.-Iran tensions.

• Meanwhile, concerns about inflation risks within the Federal Reserve are heating up. The president of the Kansas Fed stated that the current monetary policy is insufficient to effectively curb inflation and that further policy tightening may be needed in the future.

• As for ETH, the price trend is trapped in a consolidation dilemma due to a lack of guiding information.

U.S. Stocks and AI Logic:
Yesterday, U.S. stocks rose again, with AI remaining one of the core logic driving the current rise in U.S. stocks. As large tech companies' stock prices rebound, investors are beginning to repurchase call options, and options trading is further strengthening the upward momentum, which has also made SanDisk and SK Hynix the focus of the market.

2. Technical Analysis

ETH (Ethereum)

Currently maintaining a range oscillation pattern, with the main operating range reference today at 1895—1827. The direction is still unclear, so it is advisable to adopt a wait-and-see approach, waiting for a breakout signal from the range.

SanDisk

• The 4-hour down channel was broken to the upside yesterday, currently testing the previous high resistance level of 1438;

• On the hourly chart, the upward wave since 1125 remains intact, and the bullish structure has not changed;

• Trading Reference (Risk Assumed):

  • Aggressive traders: Consider trying to establish a long position near 1393, with a stop-loss reference at 1330;

  • Conservative traders: Wait for a successful closing breakout above 1438 before considering entering long positions;

  • Upper target reference: 1627, 1711, 1767;

  • Today's bulls and bears dividing point: 1335.

SK Hynix

• The 4-hour downtrend has ended, and the flag resistance level has been successfully broken; currently testing the previous high resistance of 1210;

• Trading Reference (Risk Assumed):

  • If unable to directly break above the previous high of 1210, aggressive traders may consider establishing a small long position around 1158, with a stop-loss reference at 1125;

  • Conservative traders: Wait for a breakout above 1223 before entering, with a stop-loss reference at 1150;

  • Upper target reference: 1351, 1394, 1513.

    

    To learn more details and specific operations, see you in the live broadcast tonight, where we will analyze the market in real-time and discuss the logic behind the candlestick charts.

    

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    The above analysis is for market discussion only and does not constitute any investment advice. The cryptocurrency market is highly volatile; participants should control risks and make rational decisions.

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