InTheEnd,Can'tItBe

75,000 is a significant technical threshold. The extent of the pullback and the support level after this test are worth monitoring. In the context of ongoing institutional accumulation, the medium-term structure remains bullish, but it is still premature to say that the "bull market has returned"—we need to see a firm hold above 75,000 along with increased trading volume to confirm the signal.

Everyone, please note that ETH has increased approximately 13% over the past 7 days and about 16% over the past 30 days, with the current price around $2,300. After this rally, the market has entered a short-term overbought zone (daily CCI and KDJ are both in overbought conditions). The $2,400 level is viewed by multiple analysts as a recent resistance zone.

BlackRock and other institutional ETFs experiencing sustained net inflows, exchange BTC supply reaches historic lows, long-term holders accounting for 60% of circulating supply; companies like Strategy continuing to accumulate, institutional structure increasingly solidified. Approximately $2.4 billion in short liquidation positions concentrated near $72,500; if key resistance breaks, upside momentum could be further released.

Current price $2,365, 24-hour gain +8.87%, 7-day gain +16.1%, 30-day gain +20.3%. Notably, ETH's excess returns against BTC recently reached +6.75%, outperforming the broader market. In comparison, there is still a -16.5% drawdown on a 90-day basis, suggesting this rebound is more of a recovery from lows rather than a completed trend reversal.

Short-term bullish alignment signals are clear (both 15-minute and 4-hour moving averages are in an uptrend), but MACD bullish divergence has appeared simultaneously on both daily and 4-hour technical patterns, suggesting that the sustainability of this rebound is questionable and there may be pullback pressure. Meanwhile, today's trading volume has expanded significantly, exceeding 1.5 times the 7-day average volume, indicating increased capital participation.

ETF large inflows are currently one of the most solid fundamental supports for BTC, as they convert traditional institutional funds into irreversible on-chain buying pressure and reduce market liquidity supply. However, inflow data itself is volatile, and sustainability is the key. It is recommended to continuously monitor daily ETF net flow data to assess the strength of the trend.

The most direct driving force comes from market structure. Over the past few days, short liquidations have far exceeded long liquidations — daily short liquidations exceeded $200-300 million, with BTC short liquidations accounting for approximately $140 million. Large numbers of short positions were forced to close, and reverse buying created a chain reaction rally, which is the most powerful catalyst for short-term price surges.

BTC is currently under short-term pressure: technical indicators show a bearish alignment, trading volume has increased along with the decline (indicating some panic), but the daily chart shows a MACD bullish divergence signal. Overall market sentiment remains predominantly bullish (positive sentiment accounts for 64%). The digestion of geopolitical premiums usually takes 2-4 weeks. If the situation does not escalate further, institutional dip-buying may become the main support for the price.

Recent data reveals a notable divergence worth attention: since the outbreak of the Iran conflict, the largest gold ETF (GLD) has experienced net redemptions of approximately 2.7% of assets under management, while BlackRock's IBIT recorded net inflows of approximately 1.5% during the same period (JPMorgan data). This indicates that some safe-haven capital is shifting from traditional gold to Bitcoin, with the "digital gold" narrative transitioning from concept to actual capital movement.

ETH is currently in a state of technical rebound combined with institutional catalyst resonance. BlackRock's launch of the staking ETF is the most significant fundamental event in the recent period. The short-term is clearly overbought, with significant resistance around $2,200. A period of digestion is needed before it can continue to rise. If you are considering increasing your position, it is advisable to watch for support around $2,100 during pullbacks, with risk control referencing the $1,980 area (a dense liquidation zone). The overall mid-term trend still requires a valid breakthrough a

ETH's current rally is driven not only by capital inflows but also by structural tailwinds, such as new capital flows from ETF listings and proactive accumulation by leading mining pools and whales. Technically, there is a short-term double top pattern, warranting caution against chasing rallies, though the overall trend remains within major blue-chip and mainstream liquidity channels. For short-term trading, it is recommended to monitor support levels when price pulls back to key moving averages, combined with rational stop-loss placement.

Bitcoin (BTC) has shown strong recent momentum: both short-term and mid-to-long-term charts display bullish alignment, with technical indicators suggesting a new round of upward movement. The current price is approximately 70,465 USDT, with narrow intraday fluctuations. The 4-hour and 15-minute timeframes both show bullish moving average alignment, and the 15-minute MACD has produced a bullish crossover, indicating that capital and buying pressure are showing signs of further accumulation.

Bitcoin spot ETFs are continuously changing the market landscape: just last week, the total net inflow into Bitcoin spot ETFs reached $568 million, with BlackRock's IBIT attracting $660 million in a single week. Currently, the total market value of Bitcoin ETFs has reached $87.07 billion. This sustained level of capital inflow directly strengthens Bitcoin's market demand and price support.

ETH's short-term technical structure remains relatively strong. If it can continue to stabilize above 2,000 USDT, a rebound is likely to continue. However, caution is needed for sudden drops and potential selling pressure from whales, as capital fluctuations should not be underestimated. Currently, sector rotation and short-term trading are active. It is recommended to set flexible stop-losses and focus on the dynamics of mainstream funds.

The latest major news about Ethereum (ETH) is that co-founder Jeffrey Wilcke suddenly transferred and allegedly sold 79,258 ETH to the exchange Kraken after 7 months, worth approximately $157 million. This move has attracted widespread attention from on-chain analysts and media, and the market interprets it as a signal of significant short-term selling pressure. As of March 7, his address still holds 27,421 ETH (about $54.37 million), indicating that his fund movements are far from complete.

Recently, BTC (Bitcoin) has been generally weak and volatile, with increasing downward pressure. The current price is approximately 66,785.5 USDT (BTC_USDT trading pair). In the short term, it just broke below the key 20-day moving average, and the technical indicators show a clear "bearish alignment" — 15-minute moving averages MA7 < MA30 < MA120, indicating that the downward trend is still dominant. Meanwhile, the BTC daily RSI is only 43.75, and momentum remains weak.

Specifically, mainstream ETFs such as Fidelity (FBTC) and BlackRock (IBIT) have experienced significant outflows. Recently, there have been no new net inflows, and all 12 ETFs are collectively in the red. This indicates that large-scale holders (especially institutions) are reducing their allocations to crypto assets. The main reasons behind the capital exit are the global macroeconomic uncertainty, tightening market liquidity, and declining investor confidence. Data shows that over the past five weeks, all Bitcoin ETFs have been redeemed for more than $4 billion. Some analysts believe this is

U.S. non-farm payrolls in February plummeted by 92,000, and the unemployment rate rose to 4.4%. Bitcoin immediately dropped below $69,000, falling over 5% in the short term. Meanwhile, the escalation of the US-Iran conflict has led to extreme market reactions, adding additional uncertainty. Crypto assets experienced noticeable volatility this week due to ETF fund outflows, macroeconomic data, and geopolitical risks.

Overall, ETH has sufficient upward momentum in the short term, driven by multiple factors such as capital inflows, whale operations, and increased institutional holdings. However, in the short term, large whale deposits and continuous fluctuations may increase market volatility. It is recommended to monitor the subsequent large investor capital flows and macroeconomic events' impact on risk assets, and avoid blindly chasing highs.

Bitcoin (BTC) has indeed experienced significant volatility recently, especially over the past week, with the price fluctuating between $70,645.20 and $73,555. The price has decreased by 2.48% within 24 hours, with a trading volume of 1,240,000,066 USDT, indicating a very active market. Meanwhile, the gain over the past 7 days is 5.89%, but the cumulative increase over 30 days reaches 12.73%, further intensifying volatility.