ChainCatcher message, Ethereum's price has risen by 7.5% over the past week, with the bullish technical indicator known as the Golden Cross and the current RSI (Relative Strength Index) of 63.6 indicating potential further gains. However, the market is at a critical moment, and support and resistance levels will determine its future direction.After a brief decline in early January, whale activity has rebounded. The number of wallets holding at least 1,000 ETH has increased to 5,615, indicating a recovery in confidence among large investors. If this trend continues, such accumulation could further drive prices up. The RSI has recently pulled back from overbought levels, reflecting a neutral to bullish market sentiment. If the RSI rises towards 70, it may reignite upward momentum; however, if it falls below 50, it could indicate weakening market strength.The Golden Cross formed earlier this month supports a bullish outlook, with the next key resistance level at $3,827. If this level is broken, it could pave the way for a move towards $4,000; however, to avoid a downturn, maintaining the support level at $3,543 will be crucial.

ChainCatcher news, Quantlytica announced that the AI fund manager "Agent Quant," originally aimed at institutional users, is now officially open to TG community members, launching two fund signals: "Bitcoin Enhancement" and "Volatility Sniper," designed to help users optimize their investment decisions.It is reported that the image of Agent Quant was designed by the community, inspired by the Finnish character Moomin. The launch of this meme-inspired AI Agent signifies that AI asset management solutions for retail investors are about to be realized.At the same time, Quantlytica announced that the new official website has officially launched and plans to release the 2025 roadmap soon, while hinting at the introduction of a new AI Agent to further enhance product functionality and coverage.

ChainCatcher news, CoinDesk analyst James Van Straten stated that U.S. Treasury Secretary Janet Yellen sent a letter to congressional leaders indicating that the Treasury expects the U.S. to reach its debt ceiling as early as between January 14 and 23, 2025, and may need to take "extraordinary measures" to avoid a federal government debt default.Raising the debt ceiling has historically been a negative signal for Bitcoin; in the past five such instances, Bitcoin experienced declines or poor performance in the following days.Since the cycle low in November 2022, Bitcoin has been consistent with the trends of the previous two cycles.The cycles from 2018-2022 and 2015-2018 both experienced significant pullbacks at this point in their respective cycles. Trump's inauguration on January 20 may serve as a bottom signal for Bitcoin.

ChainCatcher news, the cryptocurrency market research agency Santiment stated on social media that after a general decline in the market during Christmas, an encouraging trend has emerged in the cryptocurrency market—whales are transferring stablecoins to trading platforms.According to Santiment's CEX deposit dashboard, in just the past 24 hours, there have been 7 deposits of at least $9 million into Binance, with one as high as $50 million (accounting for 2.33% of the total supply).When the dashboard shows that stablecoin deposits dominate the inflow and outflow of funds on trading platforms, it is usually a strong signal indicating that whales are preparing to buy, which could drive the overall market prices up. Although this does not guarantee that whales will immediately use these funds, it can be seen as a bullish signal as 2024 approaches.

ChainCatcher message, according to CryptoQuant analyst @MAC_D46035, there is currently a -0.221% negative premium for Bitcoin on Coinbase, marking the fifth time this level has been reached since May of last year. This decline compared to Binance investors indicates a reduction in buying demand from U.S. investors.The analyst pointed out that historically, this phenomenon is temporary during bull markets and usually attracts new buyers who see it as an opportunity. While it is uncertain whether the price after this significant drop represents a bottom, if the bull market continues, a bottom may form soon, potentially leading to a rebound.

ChainCatcher news, according to Jinshi reports, Morgan Stanley's Chief Investment Officer and Chief U.S. Equity Strategist Mike Wilson has shared his latest views. He pointed out that the breadth of the U.S. stock market in December hit a historic low, coinciding with the 10-year Treasury yield breaking the 4.5% threshold, indicating that the Federal Reserve may not be able to provide the easing policies that the market expects.Wilson analyzed that the current disconnection between market breadth and prices is similar to that of 1999, primarily due to ample liquidity. As the scale of reverse repos (RRP) shrinks from its peak of $2.5 trillion, and with the Federal Reserve potentially making slight rate cuts, liquidity may tighten in early 2024. He advised investors to continue focusing on high-quality stocks, as unprofitable growth stocks and low-quality cyclical stocks may face significant impacts.Wilson stated that due to the lack of mean reversion in recent years, investors are more inclined to track price trends, leading to extreme concentration in the market, and the "quality" factor has become a widely used stock selection criterion.

ChainCatcher news, Pepperstone analyst Michael Brown stated that the market seems to be overreacting to the messages from Federal Reserve Chairman Powell. The senior research strategist mentioned in a report that the market currently expects only 31 basis points of rate cuts from the Federal Reserve in 2025. The U.S. Treasury market reacted to signals of the Federal Reserve slowing down its rate cut pace, leading to a subsequent sell-off.Data from Tradeweb shows that the yield on the two-year U.S. Treasury note fell by about 1.5 basis points to 4.342%, while the yield on the ten-year U.S. Treasury note rose by about 2 basis points to 4.522%.

ChainCatcher news, according to Forbes, economists and financial market professionals indicate that the Federal Reserve is likely to announce a 25 basis point rate cut in the early hours of the 19th, but perhaps more noteworthy is what signal the Fed will send regarding its monetary policy goals for 2025.Currently, economists from the three major investment banks—Bank of America, Goldman Sachs, and JPMorgan Chase—predict that the Fed will lower the interest rate from the current range of 4.5%-4.75% by 25 basis points to 4.25%-4.5%. This would bring the rate down to its lowest level since February 2023, a full percentage point lower than the 5.25%-5.5% range from July to September 2023.However, despite the market reaching a clear consensus on this, the Fed will also release its quarterly economic forecasts. This includes each central bank president's expectations for interest rates in 2025. Economists from Bank of America, Goldman Sachs, and JPMorgan Chase expect the median forecast to be revised from the previous prediction of four rate cuts of 25 basis points next year to three, with an expected target range of 3.5%-3.75% by the end of 2025. Regardless, it is clear that Americans will need to adapt to higher interest rates for an extended period, as rates are likely to remain above 3% for a long time, a threshold that was never reached from 2009 to 2021.

ChainCatcher news, crypto analyst AIi posted on social media that the market sentiment for ETH is at its lowest level since December 18, 2023, which is a typical bullish signal. At that time, when the market sentiment hit rock bottom, ETH subsequently rose by 30%.

ChainCatcher news, QCP Capital's latest analysis points out that the last Federal Reserve meeting of 2024 is approaching, and a 25 basis point rate cut is expected. However, as U.S. inflation remains above the 2% target and the labor market continues to be strong, the statement and dot plot from this meeting may carry a hawkish tone.QCP Asia predicts three rate cuts in 2025, but the Federal Reserve may take a cautious approach to accelerating the pace of rate cuts. In terms of the market, QCP notes that liquidity across various markets is gradually declining, which could trigger price gaps and large-scale liquidations. Technical analysis shows that the Bitcoin daily chart has formed an Evening Star pattern and displays bearish divergence signals.Nevertheless, considering that Trump may return to the White House in 2025 and other favorable factors, QCP advises investors to remain calm during market corrections and not to easily close their positions.

ChainCatcher message, on-chain analysis platform Santiment's data shows that Ethereum whale wallets have reached an all-time high, with 104 whale wallets holding over 100,000 ETH, estimated to hold 57% of the existing total ETH supply.Meanwhile, the proportion of wallets holding between 10 and 100,000 ETH is at a historical low of 33.46%, while the supply proportion of wallets holding less than 100 ETH is only 9.19%, also marking the lowest level in nearly four years. This could be a long-term bullish signal, especially as whales continue to accumulate more ETH.Santiment states: "Although the second-largest market cap currency is increasingly composed of DeFi and staking wallets, it is still typically a bullish long-term signal when the key stakeholders of a currency continue to accumulate. Especially when it is an asset that has been around for 9 years, and the proportion of tokens held by large holders has reached an all-time high."

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan posted on the X platform that when Bitcoin reaches $1 million, those who did not invest in Bitcoin will regret missing obvious bullish signs, such as:A former U.S. president giving a keynote speech at a Bitcoin conference;BlackRock suggesting a 2% allocation to Bitcoin in investment portfolios;Bitcoin ETFs being one of the most successful ETFs of all time;Investors like Ray Dalio saying you should hold Bitcoin.In hindsight, incredible investments are always obvious, and Bitcoin is now eagerly attracting people's attention.

ChainCatcher news reports that Illia Otychenko, the chief analyst at the Gibraltar-based cryptocurrency exchange CEX.io, stated that ETH has been showing bullish signals since October. At that time, the weekly Relative Strength Index (RSI) broke through its downward resistance trend line.Otychenko pointed out that this pattern has historically been associated with bullish momentum.He also discussed the weekly MACD, which showed a "bullish crossover" at the same time, typically marking the beginning of a new round of rebounds. Otychenko noted that when this signal combination has appeared in the past, it usually led to ETH prices rising by more than 100%.

ChainCatcher news, Glassnode co-founder @Negentropic posted on social media last night (21:31) stating that as Bitcoin breaks through $100,000, its Basic Fundamental Index (BFI) begins to weaken.This indicator typically sends early warning signals, and once confirmed, it is hard to ignore. For example, in the first quarter of this year, each time Bitcoin reached a local high, the BFI indicator marked the exit timing before significant adjustments in BTC price. Currently, Glassnode will continue to monitor this indicator, but the bull market is still ongoing.

ChainCatcher news, Matrixport released today's chart stating that historically, Bitcoin's performance in December has been mixed, with 6 months recording positive returns and 4 months negative returns, resulting in an increase rate of about 60%. Nevertheless, the average return in December remains robust at 9.6%+. If this trend continues, Bitcoin is expected to challenge the $110,000 level by the end of the year.Seasonal patterns indicate that the fourth quarter is typically the strongest period for market performance, so it is not surprising that the anticipated altcoin rally starts during this phase.

ChainCatcher news, Kaiko released a report stating that ETF options are the latest bullish signal for BTC. Last week, several BTC ETF options made their debut, with BlackRock's IBIT options reaching a notional trading volume of $1.9 billion on the first day, totaling 354,000 contracts. In comparison, BITO options had a trading volume of $360 million when they launched in 2021. This strong buying power highlights the robust demand for BTC-linked derivatives and bullish market sentiment.Notably, over 80% of the IBIT first-day options trading volume was in call options, reflecting a strong belief in the price increase of Bitcoin. Trading activity was primarily concentrated on options with near-term expirations, with contracts expiring in December 2024 dominating. The share of IBIT call options significantly exceeded that of the largest crypto-native options market, Deribit, where call options accounted for 64% of trades.The launch of BTC spot ETF options could further accelerate institutional adoption. These tools allow investors to hedge risks and devise complex strategies to profit from Bitcoin's volatility. Additionally, they could drive the creation of structured products, which offer customized investments with specific risk-return characteristics, often developed by large financial institutions. This could attract new capital and a new wave of experienced institutional traders.

ChainCatcher news, according to Jinshi reports, data from the U.S. Department of Labor shows that the number of initial jobless claims decreased last week, indicating that despite a cooling job market, the U.S. economy has avoided large-scale layoffs. The number of continuing unemployment claims reached its highest level in three years.Since the beginning of this year, labor market data has shown mixed signals, complicating the Federal Reserve's interest rate decisions as it balances employment and inflation targets.