#数字资产市场动态 Ethereum 1-Hour Chart: Bottom Starting to Form, Is It Time to Enter?​

(Comprehensive analysis based on on-chain data + technicals + market sentiment)

**Key Technical Signals**​

Price has shown a long lower shadow on the 1-hour chart around 2973, and the close has reclaimed above the MA7 (2973), indicating short-term selling pressure is clearly weakening. However, there is still resistance from EMA30 (3041), and currently, the price is fluctuating within a narrow range of 2908-3003.

The MACD histogram has turned red (+14.16), although DIF and DEA are still below zero, the gap is narrowing — this suggests the downward momentum is waning. The key point is, once it breaks above 3015, a short-term rebound on the hourly chart can be confirmed.

The Bollinger Bands have contracted to 190 points, signaling a potential trend reversal. The middle band at 3003 has become a critical support/resistance level today, and should not be underestimated.

**On-Chain Data Insights**​

In the past 24 hours, 21,000 ETH have flowed out (CryptoQuant data), indicating that whale addresses are quietly accumulating.

The options market is also shifting — the Put/Call Ratio for options expiring in February has fallen to 0.7, with bullish contracts increasing, showing large investors are betting on a rebound.

Interactions with Layer2 and Uniswap are surging, and gas fees are also spiking, which suggests that ecosystem funds haven't truly exited but are instead consolidating.

**Market News to Watch**​

Ethereum spot ETF options are set to be officially listed on the Chicago Options Exchange this Friday, and institutional hedging demand is expected to boost spot buying.

The core developer meeting has finalized the "Prague Upgrade" testnet roadmap, which is expected to strengthen capital inflows into Layer2 projects like OP and ARB.

**My View: This Is Not a Shorting Position**​

Technical signals show multi-cycle resonance support (hourly MA7 + daily Fibonacci 0.382), and smart money on-chain is accumulating. Market sentiment in the options space is turning bullish. The short-term rebound target is around 3050-3098 (Bollinger upper band). If volume breaks above 3015, short sellers' stop-loss orders will accelerate.

**Practical Trading Strategy**​

Gradually build long positions around the current price of 2980. Place stop-loss at 2945, and exit if it breaks below the previous low.

Add positions after breaking above 3015, and take profits in two stages at 3040 and 3080.

$ETH