ETH On-Chain Data Observation (January 10-11)

The turnover in the last 24 hours is interesting — the total on-chain turnover has dropped to nearly 160,000 ETH, compared to the earlier level of 350,000 ETH, showing a significant decline. Weekends are usually low-liquidity periods, and this time the effect is even more pronounced. Looking at the chart, you can see that ETH is almost sideways with little movement. The on-chain sentiment during this period is relatively calm, and the URPD indicator also confirms the market's冷淡 attitude. Low trading activity during weekends is quite common, but the sharp contraction in turnover indicates that participation is indeed decreasing, and the market is waiting for the next signal.