ETH price has dropped by 0.3% in the past 24 hours, with mixed signals.
1. Upgrade: The network upgrade scheduled for 2026 indicates a commitment to long-term development and is expected to improve network efficiency.
2. Inflow: Large withdrawals of funds from exchanges by investors indicate an accumulation trend, along with a significant whale acquisition.
3. Outflow: Weekly ETF fund outflows and the activation of a dormant wallet suggest potential selling pressure and cautious sentiment among investors.
Highlights
1. Development: Ethereum has confirmed that it will undergo the "Glamsterdam" and "Hegota" upgrades in 2026, aiming for a semi-annual release schedule to accelerate development and enhance competitiveness against high-throughput competitors.
2. Network Growth: The number of new wallets added daily in December surged by 31%, with an average of 163,000 new addresses added each day, indicating a recovery in network activity and renewed interest from retail investors.
3. Accumulation: In the past week, investors withdrew $978 million from centralized exchanges, indicating an accumulation phase during the price decline, with assets potentially moving into cold wallet storage.
Risks
1. Outflow: Ethereum ETFs experienced a net outflow of $643.9 million weekly, with BlackRock's ETHA accounting for a significant portion, indicating fund rotation and cautious sentiment among investors.
2. Selling Pressure: A dormant Ethereum ICO wallet that had been inactive for over 10 years transferred 2,000 ETH, which may indicate potential selling pressure from early investors in the future.
3. Price Divergence: The 6-period RSI has significantly dropped to 26.02, while the MACD histogram remains in the negative region at 2.92, suggesting that despite some recent fund inflows, price momentum remains bearish.
Community Sentiment
1. Community sentiment is mixed, with some noting the potential for a "altcoin season" and renewed interest in ETH, while others express caution over institutional fund outflows and potential market corrections. #巨鲸动向 $BTC
