Just now, while watching the market, ETH experienced an unexpected pump—a 1.15% rise in the entire 5-minute Candlestick. In this sideways fluctuating market environment, this speed is indeed rare. Typically, it takes an hour to stabilize a 0.5% rise, not to mention a lightning-fast pump in just 5 minutes.

I suppose there are two groups of people staring at the screen right now: one group is slapping their thighs, because they just cut their losses and missed the opportunity; the other group is sweating in their palms, fully invested and unsure whether to buy the dip or take profits.

Let's first look at the Candlestick chart. On the 5-minute level, ETH has been moving sideways in the range of 2780-2820 for almost 3 hours, which is a typical accumulation consolidation trend. This is not a sudden pump—there's logic underlying it. Looking at the trading volume, the volume during the rise is actually 2.3 times the average of the previous 3 hours, which means that there is indeed capital supporting it, not just a bluff.

The indicators are also in alignment. The MACD has formed a golden cross, and the momentum bars have quickly risen from the negative zone. The RSI is currently hovering around 55, with space before reaching the overbought line at 70, indicating that there may still be further upward momentum in the short term, and it won't immediately reverse for a correction.

So why is it rising now? After last night's collective plunge of the tech sector in the US stock market, it rebounded strongly, with the Nasdaq rising 1.2%. The crypto market has always been sensitive to the performance of US tech stocks; when the US stocks strengthen, market sentiment warms up accordingly. This kind of cross-market transmission effect often acts as a trigger for explosive short-term trends.