#数字资产市场动态 🔥 $ETH 1 Hour Chart Breakdown: Market Logic from a Data Perspective

As a trader, I’m used to letting the data speak. Analyzing recent ETH movements from three dimensions—technical, on-chain signals, and market sentiment—might give you some insights.

**What does the technical analysis say?**

The price repeatedly tests around 3300, recently closing at 3328.63. Using the Bollinger Bands, the middle band at 3333.14 acts as resistance, the upper band at 3386.70 is a strong pressure level, and the lower band at 3279.57 serves as support. The MACD histogram remains in the negative zone (-15.97), with DIF and DEA lines close together, indicating diminishing momentum. However, the 7-day moving average shows signs of crossing above the 30-day moving average, which is a signal to watch—once a golden cross confirms, it could mark a new beginning. Volume combined with price fluctuations suggests a tug-of-war between bulls and bears, with 3300 acting as a psychological barrier.

**What do on-chain data reveal?**

Whales have been increasing their holdings over the past 24 hours, while ETH on exchanges continues to flow out. This usually indicates accumulation and bottom-building phases. Active addresses remain high, Gas fees are stable, and the Ethereum ecosystem shows no signs of slackening, maintaining solid long-term fundamentals.

**What about market sentiment?**

The Ethereum protocol upgrade (Pectra series) is progressing smoothly, with frequent developer activity, providing technical support. On a macro level, expectations of a shift in Federal Reserve policies are growing stronger, risk asset sentiment is starting to recover, and the crypto market is benefiting accordingly.

**How to operate?**

In the short term, ETH is likely to consolidate within the 3279 to 3386 range. A breakout could target the 3420-3450 zone; if it falls below the lower boundary, 3240 needs attention. I am personally holding a small long position around 3307, with a stop-loss at 3270, aiming for 3380. Keep a close eye on key levels, and once a breakout is confirmed, follow the trend. Markets are like this—pullbacks often present buying opportunities.

$ETH