Technical Analysis: The Ascending Channel is Formed, Bullish Signals are Strong

Looking at the ETH/USDT 1-hour candlestick chart, the previous descending resistance line has been strongly broken, and the price has formed a clear ascending channel (the green channel lines in the chart are obvious). Currently, after the price retraced to the lower edge of the channel, it quickly rebounded, while the MACD indicator showed a golden cross upwards, the green bars disappeared, and the red bars began to increase in volume, creating a perfect resonance between volume and price. From a technical perspective, the bulls are "fully prepared," and the upward momentum is very strong.

On-chain Data: Large Funds are "Quietly Accumulating"

Our team's monitored on-chain tools show: In the past 24 hours, ETH has seen a net outflow of over 120,000 coins from exchanges (funds leaving exchanges often signal preparation for a price increase); at the same time, the number of whale addresses (holding over 1,000 coins) increased by 8 in 24 hours, indicating that large institutions and capital are "discreetly accumulating," and by the time retail investors react, they may have already bought at a high point.

News: Multiple Positive Factors Resonating, Igniting the Upward Engine

• Layer2 Explosion: The Ethereum Layer2 ecosystem has completely taken off! The locked value in the Arbitrum ecosystem has surpassed $4 billion, and daily active users of DApps on Optimism have doubled… ETH, as the "underlying fuel + value anchoring asset" for Layer2, has seen its demand completely explode.

• ETF Expectations Heat Up: Several institutions on Wall Street have once again submitted applications for ETH spot ETFs to the SEC, and the expectation of "compliance" continues to ferment. It’s important to note that the BTC spot ETF brought in hundreds of billions in incremental funds; once ETH is approved, the influx of capital will only be stronger.

  With technical breakthroughs, large funds accumulating, and positive factors resonating, the certainty of ETH's upcoming rise is extremely strong. Follow my rhythm to hit the right buying points, and this time, making profits will be a natural outcome.

Finally, a reminder: Making money in the crypto world relies on "timing" and even more on "information gaps." Want to get precise analysis and seize every market wave in real-time? Be sure to keep following me; daily updates are all valuable insights, guiding you to steadily profit in the crypto space without missing any opportunities～

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