#数字资产动态追踪 Ethereum experienced a 28% correction in Q4, but from on-chain activity, it is not a sign of a complete bearish outlook. In recent weeks, large holders have repeatedly accumulated positions around 2970, with daily net inflows exceeding 150,000 ETH frequently. Subsequently, there was an outflow of 80,000 ETH—this pattern of large inflows and outflows reveals that institutions are cautiously optimistic about the future market.

The end of the year is traditionally a slow season, but the abnormal movements in capital suggest that some are preparing for the market at the beginning of next year. $ETH 's long-term pattern remains intact; short-term fluctuations are just a sign of buildup. Instead of getting caught up in daily ups and downs, it’s better to observe these on-chain signals and follow the flow of funds.