#2026年比特币行情展望 Sideways trading tests patience, but the truth often hides in the data—$BTC What do you think about this wave of $ETH?

Recently, Ethereum has been stuck there, with the price sandwiched between MA5 and MA10, unable to go up or down. Below, MA30 is supporting it, which at first glance looks like a minor technical consolidation, but a closer look reveals interesting details in the specifics.

**Technical Details**

Trading volume has directly shrunk, with the latest成交 only 37,300, compared to the 5-day average of 69,300 and the 10-day average of 104,100, a clear decrease. No additional capital is entering the market, making it hard for the trend to gain momentum. The MACD has already crossed downward, with the histogram turning green, indicating the short-term upward momentum is weakening. However, the green bars are not large, suggesting the bears lack strength, more like a technical pullback.

**On-Chain Data Insights**

One phenomenon worth noting—since the upgrade in early December last year, the number of new addresses has been around 292,000 daily, a 110% increase compared to before. Network activity is rising.

On the other hand, tracking a whale operation: in November, at a high point, they bought 31,000 ETH, and recently chose to sell, incurring a loss of nearly $18 million. Interestingly, this capital was not moved into other tokens but mostly flowed into stablecoins and tokenized gold. What does this indicate? Possibly waiting for a better entry point.

More critically, on-chain data shows funds are building positions on dips within key support zones, adding some imagination to the support levels below.

**Market Outlook**

Silence is not the end; it often signals the brewing of the next wave. $SOL These leading assets have also been gathering strength recently, and the overall market rhythm might be more synchronized than you think. Either break above resistance to usher in an upward move, or retest support before restarting—either way, the data hints at a major move brewing. What do you think will happen?