#数字货币市场回升 Ethereum is hovering around the $3080 price point, and many people are starting to hesitate: is this a golden opportunity to buy the dip, or is the fall just beginning?

The signals from the technical charts are not very friendly. The RSI has fallen to 29.47; although it has entered the oversold zone, the downward channel has not yet been broken, and the MACD continues to look bearish. What’s more troublesome is the support level; once it is lost, both $2870 and even $2150 may be tested—at such times, trying to catch a rebound can easily turn into catching a falling knife.

However, on-chain data has revealed some other information. The MVRV ratio is 24.99%, which indicates that the market has not yet reached the completely desperate bear market bottom; the address activity is actually increasing, and institutional wallets are also busy, with someone quietly accumulating 3.63 million ETH. The DeFi ecosystem and RWA narrative are still progressing, and the fundamentals are actually not that bad.

In the short term, to truly rebound, it must first recover the hurdle of 3100 dollars. However, if we extend the timeline to 2026, the progress of ETF approvals and network upgrades may reignite expectations.

So the question becomes: do you want to bet on short-term fluctuations, or are you willing to trade time for space? The former requires more precise timing, while the latter may be suitable for gradually accumulating—however, in either case, now is not the time to go all in with your eyes closed.