The recent market for Ethereum has indeed been quite turbulent. The price has been fluctuating around the 3000 USDT mark, with both bulls and bears fighting fiercely. In the short term, it seems a bit chaotic, and many people were scared after being smashed through support.

But looking at the bigger picture, the situation is actually changing. The folks on Wall Street are now rushing into the crypto trading field, and giants like JPMorgan are already paving the way. U.S. regulations are also easing—banks have recently been granted permission to provide custody for crypto assets, which was something unimaginable in the past.

What does this mean? Real institutional funds are about to come in. It will no longer be retail speculation, but funds backed by bank-level risk control and compliance frameworks. This will gradually integrate the entire market from a fringe business into the mainstream financial system. Liquidity will significantly increase, and investor confidence will also be noticeably boosted. In the long term, Ethereum and the innovative projects within its ecosystem will benefit—funding, attention, and imaginative space will flow in this direction.

So the current pullback and fluctuations are actually the market digesting short-term emotional volatility. The larger structure is quietly changing, and this is the eve of the "institutional market."

**Technical Analysis:**

The current price hovers around 3001.65 USDT.

The key support is at 2965.28 - this is an important line of defense, and if it drops here, one can consider buying the dip. There is also a support range below at 2933-2973.

The resistance above is stuck at 3060.39, which is the risk point for going long. There is also a pressure area above at 2984-3017.

**Operation Strategy:** If the price approaches the support of 2965.28, you can place buy orders in batches. If it breaks below, stop loss immediately. Don't be greedy, focus on testing with a small position.