Looking at the numbers constantly jumping on the candlestick chart, behind it all are billions of dollars in fierce competition.

Today, ETH opened with a direct surge of over 5%, once again challenging the 3000 mark. The entire market has become tense. This level has been tested repeatedly for several weeks, and each time it triggers intense volatility.

I analyzed on-chain data and candlestick patterns and found some interesting insights behind this rebound. Large investors started quietly accumulating ETH before the rebound—this is definitely not a coincidence. Interestingly, at the same time, ETF funds are continuously flowing out. This divergence reflects the current market's complexity.

**Technical Analysis**

On the daily chart, Ethereum is still consolidating within a symmetrical triangle. This pattern indicates the market is in a state of balance, but this balance won't last long.

$3000 is not just a psychological barrier but also an important technical convergence point. Resistance is stacked above by the 20-day, 50-day, and 200-day moving averages, while support lies at 2880-2850. The market structure clearly shows intense battles among large funds within this range.

On smaller timeframes, ETH's Bollinger Bands have compressed to the limit—bandwidth is only 36 points. Such extreme low volatility often signals a major breakout. The direction of the breakout after this narrow range will determine the trend for the next week.

**Secrets Revealed by Capital Flows**

Although today's price rebounded, the story behind the capital flows is more complex...