ETH: Strong Correction Ending, Breakthrough of 2200 Key Level Imminent

As a trader navigating daily K-line and on-chain data, the current 1-hour structure of ETH provides a clear conclusion — this is not the end of the rise, but a strong consolidation before the beginning of the next round of pullup.

Technical Structure Analysis:
Bollinger Bands Present Attack Formation
Price is tightly hugging the upper rail with the middle rail clearly pointing upward, and all three rails are simultaneously expanding in sync. Even with pullbacks, price solidly holds support at the middle rail, indicating strong bullish control with no effective room for bearish retreat.

MACD Brewing Secondary Momentum
While the 1-hour MACD histogram shows contraction, the fast and slow lines remain adhered in the high zone above the zero axis. This formation is typically viewed as "refueling in mid-air" during an uptrend. Once the histogram turns red again with volume expansion, it will signal accelerated upward movement.

Volume and Price Confirm Healthy Rotation
Yesterday's pullback was accompanied by volume contraction, while this morning's rise showed moderate volume expansion. This structure indicates limited selling pressure, with funds actively supporting at key levels, favorable for trend continuation.

On-Chain Data Verification:
Large-holder addresses (balance >10,000 ETH) have shown net accumulation over the past week with 3.2% sequential growth, indicating undiminished "whale" confidence.
Total ETH staked has exceeded 40 million, continuously hitting all-time highs. Long-term staking locks in substantial circulating supply, fundamentally improving supply-demand dynamics.
Layer2 ecosystem total TVL increased 12% week-over-week, with application-layer prosperity providing solid value support for ETH's underlying asset.

Market Catalysts:
Macro level: Liquidity expectations continue to improve, favoring risk assets like cryptocurrencies.
Compliance advancement: ETH-related financial products continue to diversify, opening wider channels for traditional capital inflows.
Upcoming network upgrade (Prague) is set to enter testnet phase, with technical progress expected to reignite market attention once more.

Core Views and Strategy:
Direction: Maintain bullish bias; current consolidation is a power-accumulation process.
Key Levels: Effective breakthrough and stabilization above $2,190 would target the $2,250-$2,300 zone in the near term.
Operation Plan: View the $2,150-$2,165 range as a potential support zone for staged entry. Risk control floor can be set at $2,120.

Markets always advance amid hesitation. The bullish structure from daily to weekly charts remains intact, and each convergence at the 1-hour level is merely a rest within the trend. Currently, the trend itself remains the most important ally. #以太坊L2叙事再升级 #Gate正式接入Polymarket $ETH