The recent plummet of ETH has made people anxious, but looking at the 1-hour Candlestick and on-chain data, the situation is more complicated than it seems.

It is indeed frightening to drop from 3077 to 2987, but looking at the exchange inflow data - the net inflow has just broken the 3-day average. What's more interesting is that a large address swallowed 2100 ETH in one go within 5 minutes. Did this guy run away? No, he is clearly taking advantage of the panic to accumulate chips.

The news aspect is also worth pondering. The expectation of a rate hike by the Federal Reserve has already been priced in, while the unlocking volume of ETH2.0 staking will decrease by 30% starting tomorrow, which will actually push up staking yields - this clearly indicates that funds are set to flow back in. In simple terms, the main players are using market sentiment to create a golden pit.

On the technical side of the Candlestick, the BOLL bands are narrowing and probing downwards, but the MACD green bars are shrinking, and the DIF is about to reverse. This is a sign of a rebound after a sharp drop with divergence. The 1-hour support level is firmly stuck at 2960 (the resonance point of the previous low and MA60), and now 2987 is only 20 points away from the support - if you dare to drop, dare to add positions.

The strategy is straightforward: enter in batches, first invest 30% of the position to test the waters. If it drops to 2960, increase to 50%. The rebound target is in the range of 3050 to 3080, which can yield at least a 2% profit. This order should be finalized by noon tomorrow.

The institutional orders are already queued up, don't wait for a rebound and regret it later.