#数字资产市场动态 Ethereum needs to be especially cautious at this position.

For the hourly chart, you need to observe clearly: the Bollinger Bands have already opened a lower gap, and the price is firmly pressed below the middle band. The MACD is still below the zero line, weak and powerless, with the bears holding the initiative. But this is the interesting part—the low point is stuck around 3284 and hasn't dropped further, giving no sense of a desperate sell-off. The two defensive lines, the lower Bollinger Band at 3268 and the previously mentioned 3250, are now within reach.

Here's a turning point: on-chain data is interesting. The selling speed of large investors is clearly slowing down, even showing signs of small capital inflows. What does this mean? It indicates that big funds have paused here to think, and the selling force is weakening. Despite some noise in the news, you know, the market is always a leading indicator.

My view remains unchanged: the 3250 to 3268 range is the last fortress for the bulls. As long as the hourly closing price doesn't effectively break through this zone, it’s a zone where the main players are lurking and gathering strength. Once the MACD forms a golden cross at the bottom and volume picks up, the rebound could be quite fierce. The first hurdle above is 3312 (the middle Bollinger Band). If it breaks through, then above 3350 is the real stage.

I'm not nervous at all; in fact, I’m a bit expectant. The market's temperament is like that—when everyone is bearish, a reversal is often brewing. Keep watching the market, but don’t rush. Hold onto your chips firmly and don’t be fooled by short-term fluctuations. $ETH