2026-01-01 10:28:24

New Year's Holiday Market Observation: ETH On-Chain Activity in the Past 24 Hours

During the holiday, liquidity remains weak, and the US market is also in a holiday break. Ethereum has been oscillating between $2900 and $3000. From the on-chain distribution of chips, the largest concentration of chips at a single price is around $2772, and selling pressure at this level remains evident.

The total on-chain turnover in the past 24 hours is approximately 337,000 ETH. Although there is a slight increase compared to the previous day, the growth is limited, indicating that market participation remains low during the holiday. The sluggish liquidity and holding change data reflect that investors are still in a wait-and-see attitude, with no clear directional breakthrough yet. The recent consolidation during the New Year's period highlights the need to watch when large funds might re-enter the market.

ETH1,34%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes

Reward
19
7
Repost
Share

Comment

0/400

DecentralizeMe

· 21h ago

Holiday market just like this, everyone is sleeping, ETH is still hesitating, the selling pressure at 2772 is really annoying. Waiting and watching, still not waiting for the right moment. With such poor liquidity, how can there be a breakout? When will this round of consolidation end... Wait, when the holiday ends and the US stock market opens, will there be some action? 33,700 in turnover volume is not enough to watch at all. What are they doing? It seems better to wait a bit longer. It's easy to get caught if you jump in now.

View OriginalReply0

TokenomicsPolice

· 01-03 22:35

A decrease in volume during the holiday is normal; I'm just worried there won't be any reaction at the opening.

View OriginalReply0

wrekt_but_learning

· 01-01 16:24

With this market during the holiday, just waiting to be educated. When will the wall at 2772 break?

View OriginalReply0

MEVEye

· 01-01 10:56

This holiday market really feels like a holiday, even ETH is tired... The pressure from that 2772 pile of chips is indeed significant, and we'll have to wait for the US stock market to open to see the real picture.

View OriginalReply0

RuntimeError

· 01-01 10:55

Holidays are like this, with liquidity so poor that it's unbearable. The 2772 level really can't hold, it feels like it will continue to test lower. Only when the US wakes up will there be any movement. Right now, it's just a pancake market. A turnover of 337,000? What kind of participation is this, it looks dead... Waiting and watching, still waiting for the big players to finish their meals and come back. I'm tired of the 2900-3000 range. When will it break out? Holidays are for lying flat, don't expect any market movements. The selling pressure is at 2772. What does this data indicate? Someone still wants to dump the market. Everyone's on holiday, and with this tiny volume, there's no way to create waves. Boring.

View OriginalReply0

IntrovertMetaverse

· 01-01 10:45

Holiday market trends are like this, it's boring... Maybe just wait for the US stock market to open. Entering now is just playing around with the chips.

View OriginalReply0

OnchainDetective

· 01-01 10:42

The holiday market trend really just depends on people's sleepiness; just watch and wait, and wait for the US stock market to open. --- 2772's resistance level shows such obvious selling pressure; whether it breaks or not is the real question. --- 33.7K in turnover... Hmm, these numbers seem a bit sleepy. Let's wait until real money enters the market before discussing further. --- With such weak liquidity, expecting a directional breakout? Dream on. --- This is just a holiday market, boring. Let's talk again after the US stock market opens on January 2nd. --- A large amount of chips at 2772 showing so much selling indicates that some people can't escape. --- Waiting and watching, investors are all on holiday, and I'm just idling too. --- When will large funds come in? That's the key. Without them, it's just repeated turbulence. --- New Year's Day should be a time to relax. Don't stare at the screen all day; it's too exhausting. --- Looking at on-chain data like this, there's really no big moves; just patiently waiting.

View OriginalReply0