Ethereum's recent movements are indeed interesting. After dropping to 3052 on January 8th, it repeatedly tested near the lower Bollinger Band (3093) for three consecutive days. Today, it finally broke through the middle band with increased volume, and the current price of 3114 is just at a key support level.

The most noteworthy aspect is the on-chain activity. Glassnode data shows that in the past 24 hours, ETH exchange outflows suddenly expanded to 12,000 coins—this usually indicates that large investors are quietly accumulating. Looking at the news, the premium rate of Grayscale Ethereum Trust rebounded from -2% to +0.8%, suggesting institutional funds have already begun to position themselves early. Coupled with tonight's strong opening of US tech stock futures, the crypto market's correlated movements are quite evident, increasing the likelihood of ETH following the rally.

From a technical perspective, on the 1-hour chart, the MACD's DIF just experienced a golden cross with DEA, with the red histogram already appearing. Additionally, a bullish divergence combined with increasing volume and price suggests a significant directional move within the next three hours after such signals.

For risk management, it is advisable to gradually build long positions near the current price, with a stop-loss set at 3090 (the lower Bollinger Band), and initially target the 3180 level. Of course, all trading involves risks, so operate according to your risk tolerance and avoid excessive leverage. Keep a close watch on the breakout above the upper Bollinger Band (3162), as that will be key to confirming a reversal.