A detailed forecast for Ethereum (ETH), including news and technical analysis.

ETH has bounced back above 3000, and the volume is clearly increasing. Additionally, the Ethereum mainnet is undergoing the Fusaka upgrade, which is a positive long-term sign.

From a technical perspective, on the daily chart, it is currently operating at the upper edge of the original descending wedge, showing signs of a potential breakout. Coupled with expectations for interest rate cuts in December, the likelihood of a breakout is high. After a breakout, a new round of upward momentum is expected, but there is significant resistance around 3250 and 3500, so be cautious of pullback risks, with support around 3000.

MACD has a golden cross, momentum is positive, and market sentiment is also strengthening.

CMF is slightly above the neutral point, indicating that the market has generally completed its turnover.