$ETH is about to surge to 3000!
From the current on-chain data of Ethereum, the market is experiencing a psychological tug-of-war between bulls and bears.
The 4-hour level chip distribution chart shows a dense holding cost area around 2233 USD, which is about 12% away from the current price, equivalent to equipping the price with a safety net—investors who built positions at this price point will prioritize supporting the price rather than selling. This can be validated by the fact that the last three price pullbacks have precisely landed on this support line.
However, there are hidden risks in the market.
Although there has recently been a bullish three soldiers pattern (three consecutive bullish candles), indicating that short-term buying power is increasing, a top divergence structure has also appeared at the top—this is a typical "brake signal," indicating that some profits have quietly been offloaded.
For example, last week a certain whale address suddenly reduced its holdings by 120,000 ETH around the 2700 USD mark, causing the price to instantly drop by 3%. This kind of large chip movement needs to be monitored.
From a funding perspective, while the EMA24 and EMA52 moving averages are still maintaining an upward posture, the MACD red energy bars are also expanding, but these indicators sometimes act like beauty filters—the real factors determining the price direction lie in the chip game hidden behind the candlesticks.
For instance, there are nearly 2 million ETH stuck in positions between 2500-2800 USD. These investors, who bought in early 2025 at the high of 3200 USD, will create selling pressure walls as soon as the price rebounds to near their cost line.
The thinking is clear: 2233 USD is the short-term dividing line between bulls and bears. If this level holds, one could consider taking small long positions, targeting the 2500 USD resistance area.
If it breaks down with volume, one should be wary of a potential dip to the 2000 USD mid-term support.
After all, market liquidity is currently low, and a whale's sneeze can trigger volatility; don’t be deceived by superficial technical indicators—the real battlefield lies in the chip distribution on-chain.
Are you stuck in a position? When to buy the dip? Like I always say, if you're confused and helpless about what to do, click on the avatar to comment. I need fans, you need references.
