#数字资产市场动态 【Ethereum 1-Hour Chart Breakdown】Signals of Accumulation in a Low-Volume Market, My Trading Approach

How to Read the Technicals

From the Bollinger Bands perspective (parameters 20,2): Price is hugging the middle band (2978) and facing downward pressure, while the lower band (2933) is just forming a short-term bottom. The upper and lower bands are tightening, which usually indicates—energy is accumulating, and within 1 to 2 hours, a clear directional move is likely.

The MACD is still interesting. Although the DIF and DEA are below the zero line, the histogram has already turned positive (value at 12.61), indicating that the bearish momentum is weakening. A bullish divergence is emerging; as long as the price stays above 2970, the rebound can accelerate.

Key Levels to Watch Closely: If the intraday high of 2968 is broken with increased volume, it will test the resistance zone at 2980-3000; conversely, if 2950 is lost, the price may fall back to find support at 2933.

On-Chain Signals: What Do They Reveal?

Ethereum reserves on exchanges have decreased by 2.1% over the past 24 hours (CryptoQuant data), suggesting selling pressure is easing.

Large holders (addresses holding over 10,000 ETH) have increased their holdings by 18% over the past three days, indicating smart money is quietly accumulating.

Gas fees have surged to 35 Gwei, showing a clear rebound in on-chain activity. Interaction volume on Layer2 has increased by 30% week-over-week, supporting a slowly strengthening fundamental.

Catalysts from News

Ethereum’s Dencun upgrade has been scheduled for activation on the mainnet in March, with Layer2 transaction fees expected to drop by around 70%. This expectation has immediately driven the prices of ecosystem tokens like OP and ARB to move first.

BlackRock’s Ethereum spot ETF revision document has been submitted, entering a critical regulatory phase. If any hints of progress are seen, market sentiment could quickly reverse.

My Trading Strategy

Bullish Logic (Weight 60%): Wait for the price to break above 2970 before entering long positions, targeting 3020 (Bollinger upper band), with a stop-loss at 2945.

Risk Management (Weight 40%): If 2933 is broken with volume, short-term short positions can be taken down to 2900. However, be cautious of large buy orders around 2880 that could trigger a rebound.

Important Reminder

We are on the eve of a potential trend reversal. Never get overly aggressive with heavy positions or bets on direction. The best approach is to wait for a “breakout confirmation + right-side follow-up” signal. On-chain whale activity and ETF news are the real triggers for a breakout.

I focus on real trading within the Ethereum ecosystem, only discussing data and logic, never vague statements. Follow me to see through bull and bear markets with real data.

$ETH