Sygnum's latest release of the "2025 Asia-Pacific High Net Worth Individual Report" shows that wealthy investors in Asia are accelerating their adoption of digital assets. The survey covered over 270 high-net-worth and professional investors across 10 Asia-Pacific markets. The results indicate that 87% of respondents have incorporated cryptocurrencies into their investment portfolios, with 49% allocating more than 10% of their assets to digital assets. The overall median allocation is between 10% and 20%. Additionally, up to 60% of wealthy investors plan to further increase their allocations in the future, reinforcing Asia's leading position in the global crypto market. The report emphasizes that this trend reflects the maturation of the private wealth management market in Asia. Behaviors previously dominated by speculation and short-term trading are being replaced by "wealth preservation" and "intergenerational planning." Ninety percent of respondents consider digital assets an important component of long-term wealth management, and diversification is the primary motivation for their crypto investments. Correspondingly, high-net-worth investors are demanding more complex products, including active management strategies, outsourced portfolio management, and yield enhancement tools.

Odaily Planet Daily News: The cryptocurrency trading platform Ave.ai officially released a major update for the Android version 2.3.06 today, focusing on optimizing user experience to create a more efficient and reliable trading environment for users. The new version is now available for download, and users can upgrade immediately. The iOS update with new features will also be released soon. Highlights of this update include: 1. New homepage design: The new homepage adopts a minimalist style, making the visuals cleaner. Users no longer need to search through layers; the homepage directly accesses the wallet and the popular Token trading area. 2. Bot copy trading system: An innovative Bot copy trading feature is directly integrated into the app, allowing users to follow experienced wallet addresses that are profitable with one click, and to copy their trading strategies in real-time. The system includes risk filtering mechanisms to help beginners avoid common pitfalls and make earning money simpler and more reliable. 3. Multi-signature wallet upgrade

BlockBeats News, December 11 — On October 25 of this year, Kyrgyzstan officially approved the launch of the pilot construction of the Central Bank Digital Currency (CBDC) system, called "Digital Som." Chinese technology service provider Sign successfully undertook the project development and actively participated. The reason Sign was able to stand out in fierce international competition lies in its comprehensive "SignStack" solution. This solution precisely addresses the paradox faced by Kyrgyzstan in digital transformation: balancing "sovereign independence" with "international connectivity." It has established a set of digital financial infrastructure that respects national sovereignty while possessing modern compliance capabilities. The cooperation between Sign and Kyrgyzstan not only creates a safer and more efficient fund transfer channel than traditional systems but also paves the way for the digital economy era between the two countries.

ChainCatcher message shows that the “pension-usdt.eth” whale closed over $64 million USD worth of BTC long positions today, with a profit of approximately $560,000 USD. In the past week, this address has accumulated a profit of $7.12 million USD, and over the past 30 days, it has gained more than $23 million USD.

ChainCatcher news reports that according to Jintiao, ING Bank stated that the market expects the Federal Reserve to cut interest rates by another 50 basis points in 2026, with forecasts of a 25 basis point cut in March and another in June. Despite current economic growth, low unemployment rates, stock markets near historic highs, and inflation rates closer to 3% rather than the Federal Reserve's 2% target, the inflation outlook in the coming months could become more favorable for rate cuts.

PANews December 10 News, according to Cointelegraph, Vitalik Buterin states that the occasional "loss of finality" on Ethereum does not pose a serious risk, with the key being to avoid "incorrect finalization." During this delay in finality caused by a Prysm client vulnerability, the chain can still operate normally. Ethereum expert Fabrizio Romano Genovese said that when finality is temporarily lost, Ethereum is more similar to Bitcoin, with its finality being probabilistic; Ethereum's rule is: when a block receives over 66% validator votes, it becomes "Justified," and after two more rounds of Epochs (64 blocks), it becomes "Finalized." He pointed out that this situation occurred in May 2023. Polygon states cross-chain and

The Federal Reserve will announce its interest rate decision on December 10th. The market expects a rate cut and possibly hints at a hawkish rate path for next year. Investors anticipate two more rate cuts by the end of 2026, with the benchmark rate remaining at 3.00%-3.25%. Analysts indicate that the new forecast reflects unease about rate cuts.

Canadian fintech company Pineapple Financial announces the launch of a mortgage tokenization platform on the Injective blockchain, planning to migrate over 29,000 mortgages. More than 1,200 have been successfully tokenized, totaling approximately $412 million, enhancing transparency and operational efficiency.

Odaily Planet Daily Report: Ethereum co-founder Vitalik Buterin posted on X platform stating that occasionally losing finality is not a big deal. Finality is intended to ensure that blocks are not rolled back. If due to a significant client error, finality is delayed by a few hours, as long as the erroneous block is not finalized, the situation can be tolerated, and the chain will continue to operate during this period. Computer science PhD Fabrizio Romano Genovese agrees with Vitalik Buterin's view, noting that when finality is lost, Ethereum becomes more like Bitcoin. He explained that Ethereum's finality mechanism is that when a block receives more than

According to official news, Gate Ventures announced that it has led a strategic investment in Goblin Finance to support its construction of native liquid staking and yield infrastructure in the Aptos ecosystem. The scale of this round of financing is US$1 million, and the funds will be used to help the project accelerate the improvement of the income aggregation mechanism and ecological collaboration. As a venture capital institution under Gate Group, Gate Ventures has long focused on the infrastructure construction and innovation direction of the multi-chain ecosystem. GVC stated that this investment will help the Aptos ecosystem form a more complete revenue aggregation system and provide more secure and efficient underlying support for Web3 financial scenarios. Currently, Goblin Finance has achieved rapid growth within the Aptos ecosystem, and its innovative income model and product mechanism are expected to become an ecosystem

Cardano (ADA) is trading higher today and is the brightest spotlight in the cryptocurrency market. ADA's 8% increase in a single day, accompanied by a 72% surge in trading volume, successfully led to a recovery in overall altcoin sentiment and injected new liquidity and confidence into the market. As ADA's price gains momentum, traders and investors are turning their attention to Cardano, propelling it into the current dominant force in the market. This rally is driven by multiple factors, including Cardano's steady progress in technology development, improved overall market sentiment, and strong demand from traders for high-momentum assets following recent consolidation. Cardano is more attractive in a highly volatile market environment with a clear direction and good fundamentals, making it one of the top choices for traders when chasing clear trends.

Santiment's latest on-chain data shows that the Ethereum market has seen a clear position divergence in the past three weeks: whales and medium-sized holders have increased their holdings by a total of 934,240 ETH, while retail investors have sold a net of 1,041 ETH during the same period. This structural difference is reshaping ETH's supply and demand landscape and driving a gradual price recovery. The data shows that the number of addresses holding 100 to 100,000 ETH has continued to increase since early December, and the cumulative trend of this group coincides with the decline in ETH volatility, the slowdown in decline, and the rebound. The Ethereum price subsequently rose as a large number of buying orders entered the market, indicating that the actions of large holders are clearly supporting the price.

According to GMGN monitoring, the market capitalization of the meme coin GBACK has exceeded $10 million and is now trading at $9.42 million, up 200% in 24 hours. Other meme coins such as PIPPIN, 67, FKH, and SPARK have also risen by more than 70%. BlockBeats warns investors about the risks of trading meme coins.

Avalanche blockchain developer Ava Labs, the Blockchain Association, and the Digital Chamber of Commerce recently held a key meeting with the U.S. Securities and Exchange Commission's (SEC) Cryptocurrency Working Group to discuss the direction of U.S. regulation of protocol tokens and crypto assets. The meeting also included legal experts from Sidley Austin LLP, focusing on how the SEC and the Commodity Futures Trading Commission (CFTC) are aligning regulations. According to the memorandum issued by the SEC, the meeting focused on optimizing the regulatory structure for cryptocurrencies, enhancing industry transparency, and clarifying the regulatory ownership of protocol tokens across different lifecycles. The "two-phase regulatory framework" proposed by Ava Labs and Sidley Austin was one of the centers of the discussion. The proposal suggests: the first sale of protocol tokens before the launch is regulated by the SEC and treated as an investment contract; After the token is launched, it will be regulated by the CFTC and treated as a commodity. This initiative aims to provide a clearer and more enforceable regulatory environment for protocol tokens without relying on new legislation.

At a time when market activity is slowing down, the SUI ecosystem has ushered in a favorable critical infrastructure. SUI officially announced that ZenLedger has been integrated into the network to provide users with automated tax processing, accounting tools, and audit compliance processes. The service covers more than 300 exchanges and 40 blockchains, making it one of the most comprehensive financial reporting solutions for current SUI users. This move targets the complex tax filing problem that has long plagued crypto traders, laying the foundation for SUI to attract a wider range of retail and institutional investors. Despite the positive progress in ecological construction, short-term data presents mixed signals. SUI's total DeFi value locked has decreased slightly by 1% in the past 24 hours, maintaining at $923 million, indicating stable funds but not expanding. The scale of lock-up is still considerable, which strengthens the confidence of long-term holders, but the incremental funds of the overall ecosystem have not yet returned.

Bitwise announced that its $1.25 billion Bitwise 10 Crypto Index Fund has been officially approved by the U.S. Securities and Exchange Commission (SEC) to upgrade from an over-the-counter (OTC) to a regulated exchange-traded product (ETP) and has begun trading on NYSE Arca. This move marks a further step towards mainstream financial markets for U.S. crypto asset index products, which is expected to attract more institutional investors to participate. The Bitwise 10 Crypto Index Fund is the second fully regulated multi-asset crypto ETP in the United States, having previously been listed by Grayscale in 2024. The fund has been operating as an OTC product since its launch in 2020, and this upgrade will significantly enhance market accessibility, enabling financial advisors, retirement platforms, and institutional investors to allocate crypto assets within the framework of traditional exchanges.

HumidiFi (WET) has become the brightest token in the crypto market today, with its price skyrocketing by more than 100% in the past 24 hours, attracting great attention from the community. The project is based on Solana, and the token quickly rose to the top of the CoinGecko hot list after its listing, with a 24-hour increase of 104.5% and is now trading at $0.25, with a market capitalization of more than $50 million, a daily trading volume of more than $150 million, and about 80% of trader sentiment is bullish. HumidiFi is an important decentralized trading protocol in the Solana ecosystem, known as the largest spot DEX market maker on Solana, with a daily trading volume of over $1 billion, accounting for 35% of Solana's overall spot DEX trading volume. Its native token, WAIT, is the first project to launch through the Jupiter Decentralized Token Offering (DTF) platform.

The International Monetary Fund (IMF) pointed out in its latest "Understanding Stablecoins" report that stablecoins pegged to the US dollar may cause currency substitution and capital outflow risks in vulnerable emerging markets, weakening local currency stability. However, several experts say that the current stablecoin market size is still not enough to have a significant impact on the global macroeconomy. The report highlights that stablecoins may bypass traditional financial intermediaries, thereby circumventing capital flow management measures (CFMs), making it easier for funds to move across borders during periods of market panic and accelerating currency depreciation. The combined market value of mainstream stablecoins such as USDT and USDC has reached $264 billion, which is close to France's foreign exchange reserves and surpasses that of many countries such as the United Kingdom, Israel, and the United Arab Emirates. However, these "dollar equivalents" are more used in cryptocurrency trading than in real-world money management or circumventing regulations.

Hyperliquid (HYPE) has recently seen large whale buying, with the two major wallets investing a total of more than $4.2 million, breaking the current bearish sentiment with strong capital inflows. These large holders are not only actively adding to their positions at the current price but also retaining large USDC reserves, hinting at the possibility of continued buying in the future. However, retail investors remain cautious, leaving the market divided between confidence and hesitation. Despite strong inflows, HYPE's technical structure remains weak. The price continues to move along a narrow descending channel, forming lower highs and lows. $35.48 emerged as a key resistance level that failed to break through multiple attempts. The MACD maintains a bearish stance with the line below the signal line and the momentum bar continues to be weak. The RSI is close to 34, which also indicates that sellers are dominant. However, the price is approaching a psychological support zone that has seen multiple rallies in history and could be a key area for bulls to watch in the short term.

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, HYPER (Hyperlane) is now trading at $0.16, up 20.35% in 24 hours, reaching a high of $0.18 and a low of $0.13, with a 24-hour trading volume of $8.49 million. The current market capitalization is approximately $32 million, an increase of $5.41 million from yesterday. Hyperlane is an open blockchain interoperability framework that provides developers with production-ready infrastructure to pass arbitrary data across hundreds of chains and virtual machines. The protocol supports 7 virtual machines (including EVM, Solana VM, Cosmos SDK, etc.), covers more than 130 public chains, and has securely verified more than $1 billion in cross-chain asset transfers. Hyperlane adopts modular,

XRP quickly pulled back after briefly touching the $2.12–$2.17 range, showing clear selling pressure. Despite institutional investors driving a nearly 38% surge in volume, the price failed to extend its rally and its overall performance lagged behind the crypto market, highlighting that the supply headwinds behind the rally have not been lifted. XRP rose 0.50% to $2.0925 during Tuesday's session, but weakened by the overall market performance. Notably, the trading volume surged by 37.94% year-on-year and saw a high turnover of 189.7 million tokens during the breakout attempt, which usually means that institutional funds are more inclined to use liquidity windows to reduce positions rather than add to them. This trend of "rising and falling" reflects a typical distribution pattern.

During the US trading session on Tuesday, the price of Bitcoin rose sharply from about $91,000 to more than $94,000 in two hours, an unusual trend that attracted strong attention from the market. The lack of clear positive news has led some traders to point out that this is "textbook manipulation", while others believe there are real macro catalysts behind it. Multiple on-chain analysts noted a rare period of large-scale concentrated buying during the price surge. DeFiTracer data shows that market maker Wintermute bought about $68 million in Bitcoin within an hour, while simultaneous buying orders from multiple major exchanges were also seen as a "synergistic push" by some researchers. Trader NoLimitGains noted that this rally is characterized by typical manipulation: extremely thin order books, large market orders pouring in in a short period of time, and a lack of subsequent structured buying. He believes that "a real bull market builds structure, and artificial push only leaves traps."

Tidal Trust has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the industry's first "Bitcoin AfterDark ETF" (Bitcoin AfterDark ETF), which aims to capture Bitcoin's price fluctuations during non-trading hours in the United States. The product is designed to hold Bitcoin only at night, while switching to Treasury bonds and money market funds during the day to improve the overall return-risk ratio. According to the application documents, the overnight ETF will buy Bitcoin after the US stock market closes and sell quickly after the opening of the next day. Daytime assets are allocated to low-risk instruments such as U.S. Treasuries and cash. While the ETF may be full of Bitcoin overnight in terms of overnight nominal positions, its capital structure is more defensive during the day.

Bitcoin regained its footing at $92,000 after more than $2 billion in liquidations, and the market focus quickly retracted from altcoins to mainstream assets such as Bitcoin (BTC) and Ethereum (ETH). The increase in capital concentration indicates that investors prefer high-certainty head crypto assets under the current macro uncertainty. In terms of market capitalization performance, Bitcoin's market share is stable at about 59.11%, while Ethereum's remains at around 12.80%, showing a very narrow range of fluctuations. The latest report from Wintermute shows that both retail and institutional funds have rarely flowed into BTC and ETH at the same time, reflecting increased risk aversion in the market, with investors preferring to take selective risk exposure rather than chasing the high volatility of altcoins.

Hundreds of crypto wallets associated with the "Silk Road" suddenly became active after more than a decade of silence, transferring $3.14 million in Bitcoin to an unknown address. These wallets still hold about $41.3 million in Bitcoin for unknown reasons.

PANews reported on December 10 that according to Cryptopolitan, Russia's largest securities market, the Moscow Exchange (MOEX), announced that the platform's cryptocurrency futures trading volume reached 48.7 billion rubles (about $636 million) in November, a record high. The exchange explained that the high volatility of the crypto market has sparked strong interest from accredited investors in Russia. The Moscow Exchange also said that as of the end of last month, the overall trading volume of its derivatives market reached 11.7 trillion rubles, an increase of 15.8% from November 2024. The volume of open interest in its exchange-traded derivatives market exceeded 2.7 trillion rubles, an increase of 22.7% compared to the same period last year. More than 135,000 customers trade futures and options on the exchange, with individual investors accounting for nearly 55% of the total trading volume of derivatives traded on the exchange.

According to a CNBC survey, although 84% of respondents expect Hassett to take over as Fed chairman, only 11% think he is suitable. Most are worried about Hasset's independence and policy implementation, with 76% believing that the next chairman will be more dovish and 51% worried that he will cater to the president's wishes.

Swapper Finance, in partnership with Mastercard and Chainlink, has launched a direct deposit feature that allows users to fund DeFi applications using traditional bank cards, enabling direct on-chain asset purchases. This innovation will promote the practical application of Web3 and attract more users to the on-chain economy.

BlockBeats news, on December 10, Trump posted on Truth Social: “No president has ever worked as hard as I have! I have worked the longest hours, and my achievements are the most outstanding. I ended eight wars, saving millions of lives; I created the greatest economy in our nation’s history; I brought businesses back to America on an unprecedented scale; I rebuilt our military; I implemented the largest tax cuts and deregulation in history; I closed the open and extremely dangerous southern border, something previous administrations failed to do; I gave America a certain ‘aura’ that made other countries respect us more than ever before.” “In addition, I specifically underwent a long, thorough, and tedious physical examination, personally checked and supervised by top doctors. All the doctors gave me perfect scores—some even said they had never seen such a..."

Bitcoin (BTC) price has recently stabilized around $92,200, with selling pressure easing, but market demand remains weak. According to SoSoValue data, US ETF capital flows have stabilized for the first time in weeks, with an inflow of $56.5 million on December 9, while weekly redemptions in November had exceeded $1.1 billion. Glassnode analysis shows that the market recovery is limited, with the spot CVD indicator still deeply negative, derivatives positions leaning defensive, and on-chain transaction activity near the lower end of the range. Short-term holders are dominating the market, making the price highly sensitive to volatility. Technical indicators suggest that Bitcoin’s price structure remains weak. The 14-day Relative Strength Index (RSI) has retreated to the mid-range, reflecting a correction from last week’s highs. Futures open interest has declined, volatility spreads have sharply contracted, and option skew indicates traders are more focused on downside protection rather than betting on upward gains. The number of active on-chain addresses is near the cycle low, with actual market cap growth at only 0.7%, indicating limited capital inflow and a fragile supply structure. Overall, the recent rebound is mainly due to seller exhaustion rather than strong buying support.

According to a Gate News Bot message on December 10, citing CoinMarketCap data, as of press time, AXL (Axelar) is currently trading at $0.13, up 18.29% in the past 24 hours, with a high of $0.14 and a low of $0.11. The 24-hour trading volume has reached $37.8 million. The current market capitalization is approximately $142 million, an increase of $21.9 million compared to yesterday. Axelar is a cross-chain network platform that connects institutions with the entire on-chain ecosystem, providing a channel for institutions through a single integrated interface. The platform supports token issuance, trading, and yield generation across more than 80 blockchains. Axelar's core products include Interchain Token Service (ITS), Fullport institutional trading access, and more, enabling users to achieve "deploy once, scale everywhere" multi-chain distribution, with built-in compliance and liquidity routing features.

According to Gate News Bot, as of December 10, based on CoinMarketCap data, ETH (Ethereum) is currently priced at $3,311.97, up 6.34% in the past 24 hours, reaching a high of $3,395.84 and a low of $2,930.65. The 24-hour trading volume stands at $32.143 billion. The current market capitalization is approximately $399.74 billion, an increase of $23.841 billion from yesterday. Ethereum is a leading platform for innovative applications and blockchain networks, continuously improving user experience through ongoing network upgrades. The network ecosystem supports a variety of application scenarios such as stablecoins, decentralized finance (DeFi), and non-fungible tokens (NFTs), aiming to build a more open and fair financial system. Currently, the DeFi ecosystem has $142.8 billion in total value locked, and the network secures $109.1 billion in value. Ethereum has the largest and most active developer community in the Web3 space, supporting programming languages such as JavaScript and Python, as well as smart contract languages like Solidity and Vyper, providing strong support for building decentralized applications.

金色财经报道，洲际交易所集团（Intercontinental Exchange Inc.）首席执行官杰弗里・斯普雷彻透露，该集团超半数机构客户有意获取其与预测市场平台 Polymarket 新合作所产生的预测市场数据。 斯普雷彻于周二出席高盛集团金融服务行业会议时表示，洲际交易所旗下的 1 万家客户原本聚焦于石油、天然气、可可等传统大宗商品交易，如今正密切关注预测市场的动态，以此判断预测市场将对自身现有及未来的金融头寸产生何种影响。

Odaily Planet Daily news: JPMorgan analysts stated that despite a significant pullback in Bitcoin over the past month, the current market has not entered a "crypto winter," and the overall bull cycle is not yet over. The analysts pointed out that Bitcoin once fell to $81,000 last month, with monthly performance 9% lower than the level at the beginning of the year, marking the first year-over-year decline since May 2023. However, while this pullback is "meaningful," it is not enough to signify a structural deterioration. As of Tuesday, Bitcoin was trading around $93,000, down about 1.5% from its peak. The team emphasized that digital assets were temporarily boosted by post-election sentiment, and the subsequent drop of more than 20% in market capitalization and weakening trading volumes are both considered normal corrections. Structurally, the scale of stablecoins has grown for 17 consecutive months, demonstrating "obvious resilience." JPMorgan believes that the traditional four-year cycle logic is weakening, and ETF investors are bringing the market...

Cosine pointed out that Zcash's "optional privacy" design makes it more acceptable in terms of regulation compared to Monero. Most of the addresses used on mainstream platforms are transparent and traceable t-addresses. He believes that Zcash has a better balance between privacy and regulation, and may have more room for development in the future.

According to Jinse Finance, Bankr co-founder deployer announced on the X platform that they will soon launch Bankr Swap—an independent swap interface and mini-app that allows users to create complex on-chain trading orders through any external wallet. Initially, they will support the Base chain and will quickly expand to more public chains. Supported order types include: limit orders, stop (trailing) orders, dollar-cost averaging orders, and time-weighted average price orders.

Wells Fargo CEO Charlie Scharf stated that artificial intelligence can significantly improve operational efficiency, and the company has deployed generative AI tools, increasing code writing efficiency by 30% to 35%. There have been no layoffs so far, but teams are able to accomplish more work. AI will drive transformation across multiple sectors, and over 90,000 employees have already received AI training.

OpenAI's Enterprise AI Status Report shows that weekly active users exceed 800 million, enterprise customers exceed 1 million, ChatGPT work-related usage is growing rapidly, paid employee seats have reached 7 million, the median increase in AI usage is over 6 times, and AI is helping employees accomplish new tasks.

At the recent Bitcoin MENA conference, Michael Saylor made it clear that Strategy (MSTR) will not issue perpetual preferred stock (“digital credit”) in Japan within the next 12 months, stating that the “12-month head start” will be left to Japanese listed company Metaplanet. This move has drawn more attention to Metaplanet’s strategy in the Japanese perpetual preferred stock market, which has long been inactive, with only five companies in all of Japan currently qualified to trade perpetual preferred stock. Metaplanet CEO Simon Groverich pointed out that the company plans to enter this market with two new products, “Mercury” and “Mars,” becoming the sixth and seventh companies in Japan to issue perpetual preferred stock. Among them, Mercury is positioned as the Japanese version of Strategy STRK, with an annualized yield of 4.9%, denominated in yen and convertible, which is much higher than the generally less than 0.5% yield of Japanese bank deposits and money market funds. Mercury is currently in the pre-IPO stage, with the goal of listing in early 2026. The second product, Mars, models Strategy’s short-term high-yield credit product STRC, targeting investors seeking short-term returns.

According to Gate News Bot on December 9th, citing CoinMarketCap data, as of press time, IRYS (Irys) is currently priced at $0.04, up 11.56% in the past 24 hours, reaching a high of $0.04 and a low of $0.03. The current market capitalization is approximately $76.7 million, an increase of $7.95 million from yesterday. Irys is the first programmable data chain for AI and more application scenarios. The platform is centered on high performance, cost efficiency, and programmable data. Unlike other data networks that only store data, Irys offers faster and cheaper services, equipped with a native execution layer that enables data programmability. Data on Irys can be embedded with instructions, instantly retrieved, and shared across applications, allowing developers to build on-chain services that leverage each other's data to unlock new value. The platform features high performance and cost efficiency.

According to monitoring by HyperInsight, the whale address has been frequently accumulating ETH and BTC, with spot and long positions totaling $6.24 million. Since October, this address has gone long more than 30 times consecutively, accumulating a loss of approximately $6 million, but has seen some profits in the past 7 days.

Since early November, Ethereum (ETH) has rebounded more than 20% after hitting a local low of around $2,620, and as of December 9, it has returned above $3,000. However, both technical patterns and on-chain data are signaling further downside, suggesting that ETH prices may weaken again in the coming months. From a technical perspective, ETH is currently forming a classic inverse cup-and-handle pattern, which typically signals a deeper correction and points to a mid-term target of around $1,500. This pattern began after ETH peaked near $4,100 in August and subsequently declined, breaking below both the 50-day and 200-day exponential moving averages, gradually forming a rounded top. Entering the "handle" phase, ETH has been moving within an ascending channel but has repeatedly faced resistance around the $3,150 region, struggling to break through in the short term, with the 50-day moving average also acting as resistance in this range. If ETH breaks below the current lower boundary of the channel around $2,900, it will confirm the continuation of the downtrend, technically validating the $1,500 target of the inverse cup-and-handle pattern. This range also overlaps with a key support area for Ethereum since the beginning of 2024, further amplifying the risk. Unless the price regains the $3,300 to $3,450 range, ETH’s overall trend remains tilted to the downside.