#数字资产市场动态 【Ethereum 1-Hour Chart Review: Building Up, Key Levels at a Glance】

Just reviewed ETH’s 1-hour candlestick chart again. Combining on-chain activity and market sentiment, here are a few core points:

**Technical Analysis**

The price has been bouncing within a very narrow range of 3290-3305, with Bollinger Bands tightly squeezed together, leaving only a $5 space. Are we bullish or bearish? Neither side is convincing—this is the calm before the storm.

MA7 and MA30 are almost twins, and EMA7 nearly overlaps with EMA30—that’s a sign of a potential trend change. MACD’s DIF (2.21) and DEA (1.50) are hovering above zero, with the histogram bars gradually shortening. The bulls aren’t dead yet, but they’re definitely losing momentum. The key point is it hasn’t broken below zero, so no reversal yet.

**On-Chain Data**

Large holders have reduced their ETH deposits to exchanges over the past 24 hours, hitting the lowest level in a month, indicating selling pressure is easing. ETH 2.0 staking contracts continue to attract long-term holders, and the distribution of holdings is gradually becoming more solid.

**Catalysts**

On the macro front, the market still has doubts about the Federal Reserve, and major assets are somewhat cautious in the short term. However, ETH’s performance against Bitcoin is relatively resilient, suggesting some confidence remains. On the ecosystem side, Gas consumption on Layer 2 solutions has hit a quarterly high, indicating real demand for practical applications.

**Trading Strategy**

The 1-hour chart currently looks like a converging triangle, with a potential breakout brewing. If volume supports it, breaking above 3308 (Bollinger upper band + previous high resonance zone) could activate the bulls, with targets around 3325-3350. Conversely, if it drops below 3285 (MA30 + Bollinger lower band), a retest of 3270 for support is likely.

Personally, I lean towards expecting a consolidation followed by an upward push—the on-chain accumulation combined with technical convergence often signals an imminent breakout. Keep a close eye on 3308 and 3285; if broken, follow through—simple and effective.