Ethereum has recently performed remarkably well, continuing to maintain a strong upward momentum. From a Technical Analysis perspective, its price has broken through significant resistance levels, and various moving averages are showing a long positions arrangement, indicating positive market signals. At the same time, on-chain data has also brought favourable information. The consistent increase in staking not only limits market circulation but also reflects investors' confidence in Ethereum's long-term development. Additionally, the Ethereum developer ecosystem remains active, providing a solid foundation for the network's continuous innovation and development. From a macro perspective, the entire Crypto Assets market shows an upward trend, with new funds continuously flowing in, providing strong support for Ethereum's rise. Driven by these multiple factors, Ethereum is expected to continue its upward trend in the short term. For investors, attention can be paid to the price movement around $3050, with $3150 as a potential target level in the near term. However, given the high Fluctuation in the Crypto Assets market, investors must still operate cautiously and manage risks effectively.