ETH URPD Data Analysis (January 7 to January 8, 8:00 AM) Grasping On-Chain Sentiment In the past 24 hours, the total on-chain turnover reached nearly 880,000 ETH, continuing to rise compared to the 710,000 ETH turnover as of 8:00 AM on the 7th. Trading activity remains highly active. The current single price with the largest volume of tokens is still $2,772, with over 1,000 ETH continuing to be consumed at this level. In the $2,920-$3,100 range, tokens are shifting to the right, and the overall support range remains $2,772-$3,020. Primarily, over 500,000 ETH held by short-term holders in the $2,920-$3,100 range have been turned over, taking profits. Similarly to yesterday, around 150,000 ETH held at the high level above $4,000 (marked in red) have been sold off, while turnover in other price ranges remains relatively low. Short-term holders are showing a high turnover rate, with both profit-taking and sell-offs at higher levels. As prices pull back, they continue to maintain bottom consolidation above the support range. Be cautious of a return to the "trash range," which is roughly $2,772-$2,950. Please check the updated ETH chart. Data sourced from Glassnode. Your feedback and suggestions are welcome!