2026-01-07 08:24:50

Recently looked at the Ethereum chart and combined on-chain data to share a few thoughts.

Currently, ETH price is still trading above the middle band of the Bollinger Bands, and the bullish pattern remains intact. The MACD DIF line is still above the zero line, although there has been some loosening in the past couple of days, the overall trend shows no signs of reversal. Looking at the trading volume, the recent decline has been accompanied by a significant decrease in volume, which precisely indicates that selling pressure is weakening and market consensus is changing.

More interestingly, on-chain activity shows some movement. Data indicates that ETH whales have increased their holdings by over 150,000 tokens within 24 hours, which is a substantial increase. Meanwhile, exchange outflows have reached the second-highest level this year, suggesting whales are accumulating while retail investors are exiting. The number of active addresses on the Ethereum network continues to rise, and Gas fees remain at normal levels. Putting these details together, it all points to one thing: the on-chain money is still there, demand is still present, it’s just that in the short term, some are playing the short game.

Let me share my thoughts. The current level is suitable for buying on dips. The core entry zone is around 3215-3225, with a stop-loss below 3185. The first target is 3280-3300. If the bullish momentum remains strong, try to push towards 3350.

If the price breaks through 3260 and stabilizes, you can consider light positions on a pullback. The key is to closely watch the resistance at 3250-3260. Once a breakout confirms the direction, it will be clear. Remember to set a trailing stop-loss to prevent profits from slipping away.

From a fundamental perspective, the Ethereum ecosystem has been continuously positive lately. Layer2 projects are gaining momentum, DeFi is innovating, and everything is growing. Short-term corrections are normal breathing, and the medium-term bullish logic remains intact.

At this price level, with technical support, on-chain data, and fundamentals all aligned, it’s indeed a good time to get in. But as always, control your position size, build gradually, and never go all-in. There are always opportunities in the market; the key is to find the right timing.

ETH-0.77%

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SelfCustodyBro

· 1h ago

Whales are accumulating while retail investors are running, this rhythm indeed feels like a prelude to a bull market. Whales are moving, this is the real signal, more reliable than technical charts. I'm also watching the 3215 level, just waiting for it to come. Layer2 is really heating up, the ecosystem still has potential. The saying "Don't go all-in" is well said, I’ve been burned by this before. Decreasing trading volume is actually a sign of accumulating strength, the bulls should wake up. Stay cautious and don't be fooled; I agree with the strategy of building positions gradually. It's probably safer to wait for a confirmed breakout before jumping in now. Breaking through the 3250 resistance level is a clear signal, straightforward and decisive. Ethereum still has a story, short-term corrections are not a concern.

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LightningSentry

· 01-07 08:54

Large investors are accumulating, retail investors are fleeing. This rhythm is quite interesting. --- I'm also waiting for the 3215 level, just to see if it can hold steady. --- Don't go all-in, this is really something to engrain in your mind. Many people have fallen here. --- Whales are moving, this is the biggest signal, more real than any technical indicator. --- Layer2 is really picking up, the ecosystem is still vibrant. --- Breaking 3260 is straightforward and bold, I like it. --- This correction truly feels like breathing; no need to be too nervous. --- On-chain data doesn't lie. The increase of 150,000 tokens shows someone is optimistic. --- Gradual accumulation is the right way; those going all-in are just gamblers. --- The resistance level depends on 3250 to 3260. Breaking through it would be a new story.

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FrogInTheWell

· 01-07 08:54

Whales are accumulating again, retail investors should consider bottom fishing this wave. The data showing large investors increasing their holdings by 150,000 tokens I believe, but the key is not to get crushed. I'm also watching the 3215 level, just afraid of being cut. That's right, short-term adjustments are just breathing, the mid-term logic is still there. Layer2 is really gaining momentum, which is great, but honestly, risk management is still necessary. Again, advising people not to go all-in, saying the same every time haha. This time, the on-chain data is somewhat convincing, and I lean towards taking a chance. As long as the Ethereum ecosystem doesn't collapse, the technicals can still hold up. Optimistic about the mid-term, but I still want to wait for a lower entry point.

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WagmiWarrior

· 01-07 08:52

The script of big players absorbing coins and retail investors running away is back again. This time, is the whale really working or just trying to cut the leeks again? 3215 entering long? I find that resistance level a bit suspicious. Better to miss out than get trapped. This round of correction isn't too painful, but I'm still waiting for a clearer signal. When Layer2 started to rise, I knew this broken level would eventually break through, just a matter of time. After being trapped once, I no longer dare to go all-in. Gradually adding positions to stay safe. The data shows a bullish trend, but the most deceptive thing in this market is the data itself. Stop-loss is very important. Many people only get wiped out because they set it too low. Whale increased holdings by 150,000, feels like this move could be quite fierce. On-chain funds are still there, which is indeed a good sign, more reliable than those who keep shouting all day. Has the price stabilized at 3260? Not yet. Why rush? As long as the fundamentals haven't collapsed, I won't panic too much. Giving some room in the short term is normal.

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MetaLord420

· 01-07 08:52

Whales are accumulating while retail investors are running away. How many times have I seen this rhythm... 3215 going long, dare you follow? --- When whales move, just stay honest and watch. Don't think about bottom fishing and end up catching your pants. --- Normal gas fees, increasing address count, sounds a bit interesting, but if 3260 can't be broken, it's all pointless. --- It's another case of buying the dip. Easier said than done. How do you handle a gap? --- Ethereum ecosystem is booming, but it still feels like hype. What's the real return? --- Stop loss at 3185? Bro, your mental preparation is on point, it shows you're really ready to take a hit. --- A large holder increasing by 150,000 tokens sounds impressive, but who knows if they're just a bagholder? --- Layer 2 innovation, DeFi innovation—wake up. In the end, it's all about capital games. --- The mid-term logic for entry hasn't collapsed, so fine, I'll follow. Let's see if I get trapped.

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PseudoIntellectual

· 01-07 08:47

Whales are accumulating again, retail investors are still cutting losses, the story remains the same. Those who entered at 3215, can this time avoid getting trapped? With Layer2 so competitive now, the index is still fluctuating, which is a bit ridiculous. When it breaks 3260, you need to act decisively, don't get swayed again. Wait, is the news about large holders increasing their holdings by 150,000 coins true? Why is my portfolio still in the green? This is the toughest test of patience, you need to take it in stages.

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ApeShotFirst