Recently, there is a phenomenon worth noting: ETH, after dropping to a low of $2888.88, surged straight up to $2994 within an hour. This is not a simple rebound but a capital-driven move with a clear purpose. Looking at the candlestick pattern, the price has already broken through the middle Bollinger Band and is firmly above the lower purple line, a typical bullish initiation setup.

From a technical perspective, further analysis shows that the MACD has issued a bullish crossover with the gap widening, the DIF indicator is at 1.79, and the red energy bars continue to grow—indicating that bullish momentum is still accumulating. But what’s truly interesting are the signals from on-chain data.

In the past 24 hours, the ETH balance on centralized exchanges has decreased by over 150,000 coins. What does this number imply? Chips are flowing out from retail investors and exchanges, being locked by large funds. This kind of transfer usually signals that major players are preparing for the next phase of the market.

Considering these multiple dimensions, the current level around 2975 can be watched. If it confirms not to break the middle Bollinger Band, the target can initially be set at 3050. Of course, stop-losses should be properly placed below the middle band. When such coordinated signals appear, they often mark the beginning of a major upward wave. Opportunities are in front of you—it's just a matter of how to seize them.