ETH URPD Data Analysis (Jan 6 to Jan 7, 8 AM): Grasping On-Chain Sentiment In the past 24 hours, the total on-chain turnover reached nearly 710,000 ETH, a significant increase compared to the 450,000 ETH turnover as of 8 AM on the 6th. As the workweek begins, trading activity has picked up. The largest single price cluster remains at $2,772, though it has been partially consumed. In the $2,920-$3,119 range, tokens are shifting to the right, with the overall support zone still at $2,772-$3,020. The main activity is turnover among short-term holders in the $2,920-$3,119 range, taking profits. Meanwhile, approximately 80,000 tokens above $3,713 have been sold at a loss. Turnover in other price ranges is relatively low, generally between dozens to a few hundred tokens, with few exceeding a thousand. Market sentiment has continued to improve over the past 24 hours, driving more short-term tokens to exit at a profit. However, the strength of this upward sentiment remains weak, and there is still a possibility of a pullback or consolidation. Whether the market can break out of the bottom consolidation phase remains to be seen. Check out the updated ETH chart. Data sourced from Glassnode. Your feedback and suggestions are welcome!