#密码资产动态追踪 ETH 1-Hour Chart Now Signals What? Let's See What On-Chain Data Says

Recently, I've been watching ETH's movement, combining technical analysis and on-chain activity. There are indeed many details hidden in this wave of market action.

First, the technical analysis:

In terms of price, ETH pulled back after rising and tested around 3338. The 1-hour chart closed bearish, but overall it’s still oscillating in a high-level range. The Bollinger Bands are narrowing—upper band at 3390.61, lower band at 3061.11. The bandwidth contraction indicates decreasing volatility, which often signals an imminent directional change. As for moving averages, the MA(7) and MA(30) are in a bullish alignment but have flattened out, and the EMA is converging, meaning bulls and bears are in a tug-of-war. The MACD histogram has shortened, with DIF and DEA still above zero, indicating energy is waning but not yet turning bearish—normal correction behavior.

On-chain data is even more interesting:

In the past 24 hours, over 50,000 ETH have been net added by more than 100 addresses. This directly reflects the activity of large holders—exchange balances have also dropped to their lowest point this year, indicating smart money is quietly accumulating. ETH 2.0 staking continues to increase, active on-chain addresses are steadily rising, supporting the fundamental side. Perpetual contract funding rates remain neutral to slightly bullish, with no signs of extreme greed, suggesting market sentiment is still rational.

What about the future trend:

In the short term, ETH is likely to continue oscillating in the high range between 3060 and 3390. This phase is essentially a period of accumulation for both bulls and bears. The real opportunity lies in: once volume breaks above the 3390 upper band, it will quickly enter an upward channel, targeting above 3500; conversely, if it unexpectedly falls below the 3060 support, it could undergo a deep correction below 3000 to find new buying interest.

Based on current on-chain accumulation and technical correction progress, the probability of an upward breakout is higher. The key factors are the volume and whether these two levels can be convincingly broken. The market always favors prepared traders—data speaks for itself, and trading should follow the data.

$ETH