#美国非农就业数据未达市场预期 ETH 1-Hour Chart Shows Key Reversal Signal, Hidden Breakout Opportunity Amidst Volatility

Recently, I’ve been monitoring ETH’s hourly chart, conducting a comprehensive scan using technical analysis, on-chain data, and market sentiment, and I’ve found some interesting insights. This isn’t just normal fluctuation—buyers and sellers are brewing a decisive directional choice.

**Details from Technical Analysis**

After a rally, ETH retraced to around 3338, and the hourly candle closed with a bearish candle. But overall, the price is still oscillating within a high-level range. The Bollinger Bands have started to narrow in the past two days, with the upper band at 3390.61 and the lower band at 3061.11. Bandwidth contraction usually indicates decreasing volatility, often a precursor to a trend reversal.

Regarding moving averages, the MA(7) and MA(30) remain in a bullish alignment but are flattening out, and the EMA is also converging. This suggests that the battle between bulls and bears is intensifying. The MACD histogram is shrinking, with DIF and DEA still above zero, indicating that momentum is weakening but not yet turning bearish—healthy for a potential correction.

**On-Chain Data Insights**

In the past 24 hours, net accumulation by the top 100 addresses exceeded 50,000 ETH. More importantly, exchange reserves have fallen to their lowest point this year—indicating smart money is quietly entering the market.

ETH 2.0 staking amounts have been steadily increasing, and active on-chain addresses are also gradually rising, providing fundamental support. Funding rates for perpetual contracts are neutral to slightly bullish, with no signs of extreme greed, reflecting a relatively rational market sentiment.

**Market News and Ecosystem**

There are no explosive news events at the moment, but positive signals within the Ethereum ecosystem continue to accumulate—Layer 2 adoption rates hit new highs, and expectations for various ETFs are steadily fermenting. Sometimes, just one positive piece of news can ignite the market.

**Market Outlook**

In the short term, ETH is likely to continue oscillating within the 3060-3390 range, a critical phase for accumulation of momentum. Once volume supports a breakout above 3390, a rapid upward move could follow, targeting 3500+; conversely, if support at 3060 is broken, a deep correction below 3000 may occur to find new support levels.

The current trading strategy is to closely watch these two key points—adding on a breakout, cutting losses on a breakdown. Overall, the bias leans toward an upward breakout, mainly because on-chain accumulation signals are quite clear, and the technical correction is nearing its end.

Opportunities always belong to those who are prepared. Don’t get lost in the volatility; let data guide your decisions, and act decisively when the time comes. $ETH