#数字资产市场动态 ETH this wave of market movement is interesting. The 1-hour K-line shows a standard V-shaped reversal, and although the Bollinger Bands are still trending downward, the price quickly rebounded around 120.51, with quite a strong momentum. From this detail, we can see that the buying support at low levels is strengthening.

On the technical indicators side, the MACD is still oscillating below the zero line, but signs of bottom divergence are beginning to appear. When such signals occur, they often indicate that the bearish momentum is waning, and a bullish counterattack could happen at any time. Combining Bollinger Bands, K-line patterns, and indicator divergences, it’s clear that we are at a critical moment.

Even more interesting is the on-chain data. Recently, large addresses have been quietly increasing their holdings, and the outflow of ETH from exchanges has been continuously rising, which usually indicates that big funds are quietly positioning. Their intuition is always sharp, so this signal should not be ignored. Plus, with regulatory frameworks gradually clarifying and ecosystem projects continuously landing, the outlook is indeed improving.

In the short term, this kind of pullback seems more like the tail end of a shakeout phase. Around 120 is a clear strong support level, and a rebound is highly probable. For specific trading strategies, more aggressive traders can consider entering in batches within the 120-125 range, with a stop-loss below 118, and the first target at 135. For a more cautious approach, waiting for the MACD golden cross to form before following up is also fine.

The market changes rapidly, but opportunities always favor those who are prepared. The current position of $ETH is worth paying more attention to.