#数字资产市场动态 Ethereum's recent market movement is quite interesting 🔥

Lately, I've been monitoring the 1-hour chart of ETH and found that technical analysis, on-chain data, and market sentiment all point in the same direction — this could be a good entry point.

From the candlestick chart, the Bollinger Bands are already opening upward, and the price surged to 3003 before pulling back to around 2981 for consolidation. This pattern is actually healthy, like it's "gathering strength." The moving averages are all in a bullish alignment, and the MACD's fast and slow lines remain above the zero line. Although the red histogram has slightly contracted, the momentum is still there, indicating that a genuine downtrend has not yet emerged.

On-chain data further confirms this. Large address holdings have significantly increased within the past 24 hours, and withdrawal activity on exchanges continues. This usually indicates that institutions and big players are quietly positioning themselves. Compared to retail investors blindly following the trend, this phenomenon deserves more attention — smart money is already in action.

Market sentiment-wise, the Ethereum ecosystem news remains positive. Progress in Layer 2 solutions and expectations for ETFs are heating up, and the overall market greed index is rising. Looking at capital flows, Bitcoin's incremental inflow is less obvious than before, while funds are rotating into mainstream coins. As the second-largest network asset, ETH is among the first to benefit.

My view is: short-term volatility is just a normal price discovery process. The previous high at 3003 won't be the final target. After a breakout above that level, the next key zone to watch should be 3100-3200. Of course, the market is always unpredictable, so risk management is more important than anything else.

$ETH