Ethereum 1-hour chart is brewing a signal for a trend reversal.

From a technical perspective, the Bollinger Bands are in an extreme narrowing state. The lower band is at 3078, the upper band at 3130, and the price is fluctuating around 3093 — this level is very critical. Currently, the MACD DIF has broken above the DEA line, although the values still appear moderate, indicating that bullish momentum is gathering. More notably, the trading volume shows no signs of panic selling; major funds are remaining calm at this price level, suggesting they are waiting for a trigger point.

On-chain data points to a similar conclusion. In the past 24 hours, whale addresses have increased their ETH holdings by over 120,000 ETH, while exchange reserves have fallen to a new low for the year — a typical accumulation signal. When large investors quietly accumulate while retail investors remain on the sidelines, it often indicates a shift in market sentiment. The sudden increase in on-chain transfer transactions suggests that, based on historical experience, this usually occurs within 48 hours before a major market move.

Catalysts are also gradually accumulating. A leading traditional fund recently submitted supplementary materials for a spot ETF, and insiders have given positive signals regarding Ethereum’s valuation. Although these news items have not yet become the focus of public opinion, the movement of institutional funds often leads market reactions.

Overall, there is considerable room for operation above this price range. For risk control, consider setting a stop-loss below 3100. Opportunities in the market always favor those who can read the rhythm — and this might be the beginning of that rhythm.