ETH URPD Data Analysis (Jan 3 to Jan 4, 8 AM): Understanding On-Chain Sentiment In the past 24 hours, the total on-chain turnover reached nearly 520,000 ETH, a decrease compared to yesterday's 630,000 ETH at 8 AM. This reflects a slowdown in market trading activity. The largest single price cluster remains at $2,772. In the $2,770-$2,970 range, tokens are shifting to the right, with the highest volume bar providing effective support. The overall support range is between $2,772 and $3,020. Although tokens in the $2,871-$2,970 range have started to change hands, with nearly 470,000 ETH realizing profits, and around 50,000 ETH at the 4,505 position also being traded, it’s worth noting that outside of these ranges, turnover in other price ranges is relatively low, mostly in the tens to hundreds, with few exceeding 1,000 ETH. Similar to yesterday, market sentiment is gradually improving, but the intensity of this sentiment is not very strong. Every time the price rises, more traders are taking profits. Check out the updated ETH chart, data sourced from Glassnode. Your feedback and suggestions are welcome—let us know if there’s anything we can improve! #ETH #Crypto #Glassnode #OnChainAnalysis