$ETH
$ETH Support Factor Analysis
1. On-chain and futures data support: According to on-chain data, Cryptoquant shows that the Binance ETH Taker buy-sell ratio has risen to 0.998 (the highest since August 2025) from a low of 0.945 after the Fusaka upgrade. In the 4-hour cycle, the change in this data indicates that futures traders viewed the upgrade as a bullish catalyst during this period, actively entering buy orders and providing momentum for price growth.
2. Market signals indicate: The Matrixport weekly report points out that ETH is currently in a 'position vacuum' (historically low), a similar situation in 2025 previously drove prices up by 38%; last week, 35.8% of options trading was bullish, indicating that bulls are gradually positioning themselves. In the 4-hour cycle, these market signals can influence investor decisions and attract more capital inflow, thus providing support for prices.
3. Long-term trend transmission: Since May 2025, ETH has performed strongly, with futures open interest doubling (8 billion → 16 billion), reflecting long-term confidence in the upgrade of ETH's economic structure. This long-term positive trend will be reflected in the 4-hour cycle, making investors more inclined to hold or buy ETH during this period.
