2026-01-03 01:24:13

Ethereum has shown an upward trend in the past 24 hours, driven by two main factors—positive technical signals and institutional capital involvement. However, this rally is not without obstacles, and there are several risks lurking beneath the surface.

From a fundamental perspective, Ethereum's support remains solid. Vitalik's 2026 roadmap clearly emphasizes decentralization and scalability as key directions. Recent upgrades like Pectra and Fusaka have improved network efficiency while also reinforcing Ethereum's core mission. These technological advancements have attracted the attention of major institutions—JPMorgan has launched a tokenized money market fund product on the Ethereum network, and BitMine announced plans to initiate a large-scale institutional staking system in 2026, implying ongoing accumulation of ETH.

In terms of price, ETH has increased by approximately 4% over the past 24 hours, with technical indicators also showing strong momentum. The EMA alignment (72599) and MACD both point to sustained upward energy. However, caution is warranted—RSI for 12 and 24 periods has already broken above 70, indicating that overbought risks are building.

Even more noteworthy are the conflicting signals emerging in the market. BlackRock has sold ETH worth $22.1 million, while a whale suffered an $18.8 million loss in a trade exchanging ETH for gold. These signs suggest that although institutional participation continues, large holders are also taking profits or adjusting their asset allocations.

Trading volume also warrants attention. Despite recent price gains, 24-hour trading volume has sharply declined from previous highs, and the entire crypto market hit its annual trading low in December. This reflects a decrease in market participation.

Community voices are also divided. Some see the strong accumulation by whales and technical breakthroughs as bullish signals, while others are cautious about potential short opportunities and point out abnormal trading patterns. This mixed market sentiment is a true reflection of Ethereum's current situation—an upward trend accompanied by pullback pressures, with institutional positioning also showing signs of利益分化.

ETH0.51%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
7
Repost
Share

Comment

0/400

SchrödingersNode

· 6h ago

BlackHade sell-off? It indicates that big players are also fleeing. This rally feels a bit hollow. When making money, I think about swapping ETH for gold. I guess this is a sign of a top-out. Trading volume is still declining, and no one is following the price increase. It says everything. A 4% increase looks good, but RSI is already over 70. Can you hold on to a long position? Institutions enter with one hand and take profits with the other. This is the standard rhythm of cutting leeks. Finally, they remember to check the roadmap. When it drops again, they'll say the technology is strong. Laughable.

View OriginalReply0

GasGuzzler

· 13h ago

BlackRock sells off again, JPMorgan is still accumulating, this face slap is really loud It's both overbought and trading volume plummets, this rally feels a bit fake RSI has already broken 70, dare to buy in? I’ve calculated, maybe I should wait Whale lost 18.8 million and still wants to buy the dip, is this true faith or being trapped Vitalik's roadmap sounds great, but it still depends on whether the K-line gives face or not Institutions are both entering and exiting, I as a retail investor find it dizzying The technicals look bright but trading volume is shrinking, feels like fireworks at a high level It’s up another 4% but also warns of overbought risks, is this article trying to make me FOMO or stay sober

View OriginalReply0

ProofOfNothing

· 13h ago

BlackRock's recent sell-off has left me a bit confused—saying they're optimistic while secretly dumping? --- RSI has already broken 70, yet people still dare to chase. Is this a trap to harvest the retail investors? --- A plunge in trading volume is the scariest part; a 4% price increase means nothing. --- Whale lost 18.8 million but still swapping for gold—living the life I aspire to. --- Institutions are deploying, retail investors are taking the bait. I've heard this story too many times. --- Even with the upgraded Pectra, it can't change the reality of overbought conditions. --- Everyone says they’re bullish on ETH, but why are big players all fleeing? Should I trust the technicals or the market behavior? --- Decreasing participation + massive sell-offs—this is a classic pump-and-dump scheme. --- Even with JPMorgan entering the market, we still need to be cautious. This market is truly unpredictable. --- Such community division—what does it say? Everyone's lacking confidence.

View OriginalReply0

potentially_notable

· 13h ago

BlackRock's sell-off was confusing, buying in and then running away. Isn't this the typical move of a normal institution... It feels like this rebound is just a setup. Trading volume has dropped, yet people are still hyping up the technicals. It's a bit funny. When RSI breaks 70, it's really time to reduce positions. Those getting liquidated are just greedy. A whale lost 18.8 million and is still playing ETH for gold. Are they trying to shift their strategy? Vitalik's roadmap sounds good, but can the price keep up? 🤔 With such low volume, there's no point in a rise. Retail investors have already left.

View OriginalReply0

YieldFarmRefugee

· 13h ago

BlackRock sells off 22.1 million ETH. Is this guy still talking about fundamentals? I think the real big players have already started to run. RSI is already at 70 and he's still talking about upward momentum. Isn't this a typical trap for new buyers... You didn't see the trading volume halved? When participation drops, the gains are the biggest. Wake up, everyone. I believe in Vitalik's 2026 roadmap, but at this price? It's not too late to buy in later. Institutional布局≠good news. To put it plainly, they're digging pits for retail investors. I'm tired of hearing this kind of rhetoric.

View OriginalReply0

bridgeOops

· 13h ago

BlackRock sells 22.1 million? Laughing out loud, institutions' methods of cutting leeks are becoming more and more straightforward --- RSI has already broken 70, still dare to chase? This wave of correction feels unavoidable --- With such low trading volume, who the hell is still buying in... --- Whale loses 18.8 million and switches to gold, I don't understand but I am deeply shocked --- No matter how beautiful the roadmap sounds, it can't stop big players from cashing out --- A 4% increase looks attractive, but what about the trading volume? --- Vitalik is making pie in the sky, JPMorgan is bloodsucking, tired of this script

View OriginalReply0

GasFeeNightmare

· 13h ago

BlackRock sells 22.1 million? Laughing to death, buying and selling at the same time, who is playing this game? RSI has already broken 70, yet dare to chase, are you trying to get crushed? Trading volume plummeted dramatically, does anyone really believe this wave can continue? Institutional "accumulation"? More like they are just taking retail investors' orders haha Whale lost 18.8 million but still holding on, I choose to wait and see Even if Pectra upgrades again, it can't change the current situation, attitude needs to be adjusted Talking about technical and fundamental analysis, in the end, it all depends on who holds more chips This wave of rise feels like a bow at its limit, I don't believe it

View OriginalReply0