Despite price pressure, positive signals are emerging on the chain. Last night, ETH rose 0.96% within 15 minutes, supported by multiple large on-chain buy orders. Nearly 48,000 ETH were traded, boosting volume and driving the price higher. Active addresses on the chain increased by approximately 18% week-over-week. Major DeFi protocols like Uniswap, Aave, and others' ETH liquidity pools also attracted capital inflows, with a noticeable increase in active buy orders in the spot market.

Meanwhile, Binance will upgrade the Ethereum network today at 14:00 (UTC+8), with an expected maintenance period of 1 hour, during which deposit and withdrawal services will be suspended. While such infrastructure upgrades do not directly impact the price, they reflect ongoing ecosystem optimization. Technical analysts point out that ETH needs to close above $2110 on the daily chart to confirm a breakout from the range. The key support level below is $1741, and the price is currently still within the range, awaiting a direction.

Key Points

· On-chain buying: Large buy orders appeared yesterday, with nearly 48,000 ETH traded volume.
· Binance upgrade: Ethereum network will be upgraded today at 14:00, with deposit and withdrawal services suspended for 1 hour.
· Technical key: Must hold above $2110 to confirm a breakout, with support at $1741.