During the holiday market, ETH still maintains a volatile trend. In the past two days, the price has been oscillating between $2,900 and $3,010, and liquidity has indeed declined. The most noteworthy point on the chart is the $2,772 level, where a large amount of chips are accumulated at a single price. If it breaks above or below this level, it will be a key signal.

On-chain turnover data also reveals some clues—24-hour turnover is about 180,000 tokens, significantly down from 330,000 tokens yesterday. The shrinking turnover reflects a weakening market participation, which is a typical holiday characteristic. In the short term, as long as the key chip level is not broken, the probability of maintaining sideways movement remains high. Continue to observe the subsequent volume performance.