#ETH走势分析 $ZEC $LUNA $ADA

Last night, ETH had a major move, and the entire market was buzzing. Many people asked me: Is this the start of a bull run? Or is it another trap that will dump after a quick rebound?

To be honest, chasing highs is the easiest way to get burned. But this move does have some substance and is worth a closer look. I'll break it down from three key angles, so you'll get the picture:

**1. The Whales Are Really Moving**

Forget what analysts are hyping—the most straightforward signal is the flow of funds. The core event yesterday: several major whales teamed up and poured in over $400 million to go long on ETH, while institutions like BitMine also increased their positions by nearly $200 million. This isn't retail money at work; it's real capital speaking—they believe the bottom is confirmed and it's time to get in.

**2. A Real Technical Breakthrough Happened**

ETH has been grinding at low levels for too long, building up a lot of momentum. On the chart, a clear ascending triangle pattern formed, indicating a quiet shift in buying and selling power. Last night, it directly broke through the $3,250 resistance level, like a compressed spring suddenly bouncing back. Once this breakout succeeded, sidelined funds followed in, and the price shot up quickly.

**3. Macro Environment Gave a Boost**

The market expects policy shifts, boosting confidence in risk assets. After Bitcoin stabilized, rotation shifted to ETH, which has been suppressed for a long time. The classic playbook is back: BTC leads, ETH follows.

But there's a caveat you must pay attention to:

On-chain data is flashing warnings. A large amount of ETH is flowing into exchanges, which means some are preparing to sell. The $3,350 to $3,550 range is stacked with deeply trapped positions, so breaking through it in one shot won't be easy.

So, to sum up, this is more like a tactical rebound in a bear market than a full-blown trend reversal you can blindly jump into. The momentum is strong, but watch out for selling pressure.

What do you think of this move? Where do you think ETH can go, or will it adjust again? Feel free to share your thoughts below.