#数字资产市场洞察 ETH recent rally is indeed worth paying attention to. After dropping to 2870 yesterday, it quickly rebounded and is now oscillating around 2950. Looking at the 1-hour chart, the MACD green histogram is clearly shrinking, and the DIF is about to break through the DEA—this usually indicates that bearish momentum is waning and bulls are starting to gather strength. From a bottom oscillation perspective, it may be approaching a trend reversal point.

What does on-chain data say? That’s the key point. In November, 3.24 million ETH flowed into long-term holder addresses, and in December, an additional 1.6 million followed. These addresses belong to "cold wallet holders," who are usually less active in trading. Currently, only 8.7% of ETH is circulating on exchanges, which is a relatively low ratio. The Dencun upgrade expanded blob capacity by 8 times, improving network efficiency. Meanwhile, USDC obtaining a Federal Reserve license adds certainty to the ecosystem. All these factors point in one direction.

Some are worried about falling below 2900? From a technical perspective, 2900 is a key support level. Institutions may test this zone multiple times to create volatility. Only when retail traders’ confidence collapses will it surge—this is a common pattern.

If you want to participate, consider gradually building long positions with a stop-loss set at 2850. In the short term, watch the previous high of 3170; if broken, the next target could be 3400. The key point is: don’t chase highs, wait for clear breakout signals before adding positions. This opportunity is indeed good, but patience is more important than speed.