Gi&aacute; Ethereum &#273;ang ti&#7871;p t&#7909;c gi&#7843;m. ETH &#273;&atilde; gi&#7843;m kho&#7843;ng 3.2% trong 24 gi&#7901; qua, k&eacute;o d&agrave;i &#273;&agrave; &#273;i&#7873;u ch&#7881;nh t&#7915; &#273;&#7881;nh th&aacute;ng 01 quanh m&#7913;c 3,390 USD. Nh&igrave;n b&#7873; ngo&agrave;i, &#273;i&#7873;u n&agrave;y gi&#7889;ng nh&#432; m&#7897;t giai &#273;o&#7841;n &#273;i&#7873;u ch&#7881;nh th&ocirc;ng th&#432;&#7901;ng trong xu h&#432;&#7899;ng t&#259;ng l&#7899;n h&#417;n. Tuy nhi&ecirc;n, c&#7845;u tr&uacute;c tr&ecirc;n bi&#7875;u &#273;&#7891; l&#7841;i cho th&#7845;y nh&#7919;ng d&#7845;u hi&#7879;u c&#259;ng th&#7859;ng &#273;ang t&iacute;ch t&#7909; trong n&#7897;i t&#7841;i.
R&#7911;i ro kh&ocirc;ng hi&#7879;n r&otilde; ngay khi nh&igrave;n l&#7847;n &#273;&#7847;u, tuy nhi&ecirc;n n&oacute; b&#7855;t &#273;&#7847;u &#273;&aacute;ng ch&uacute; &yacute; khi t&#7893;ng h&#7907;p nhi&#7873;u t&iacute;n hi&#7879;u kh&aacute;c nhau.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-ethereum-s-bullish-structure-is-intact-but-momentum-is-quietly-weakening">C&#7845;u tr&uacute;c t&#259;ng gi&aacute; c&#7911;a Ethereum v&#7851;n gi&#7919; v&#7919;ng, nh&#432;ng &#273;&agrave; t&#259;ng &#273;ang d&#7847;n y&#7871;u &#273;i</h2>

<a href="https://vn.beincrypto.com/vitalik-buterin-ethereum-success-roadmap/" target="_blank" rel="noreferrer noopener">Ethereum v&#7851;n &#273;ang</a> n&#7857;m trong k&ecirc;nh t&#259;ng gi&aacute; v&#7899;i &#273;&#432;&#7901;ng xu h&#432;&#7899;ng d&#432;&#7899;i &#273;&#432;&#7907;c gi&#7919; v&#7919;ng t&#7915; gi&#7919;a th&aacute;ng 11. C&#7845;u tr&uacute;c n&agrave;y v&#7873; m&#7863;t k&#7929; thu&#7853;t v&#7851;n &#7911;ng h&#7897; xu h&#432;&#7899;ng t&#259;ng hi&#7879;n t&#7841;i. Tuy nhi&ecirc;n, gi&aacute; &#273;&atilde; 2 l&#7847;n kh&ocirc;ng v&#432;&#7907;t qua &#273;&#432;&#7907;c v&ugrave;ng kh&aacute;ng c&#7921; ph&iacute;a tr&ecirc;n v&agrave;o ng&agrave;y 10/12 v&agrave; ti&#7871;p t&#7909;c t&#7841;o &#273;&#7881;nh g&#7847;n 3,390 USD v&agrave;o ng&agrave;y 14/01 tr&#432;&#7899;c khi quay &#273;&#7847;u gi&#7843;m.
C&#7843;nh b&aacute;o l&#7899;n &#273;&#7871;n t&#7915; h&agrave;nh vi c&#7911;a &#273;&#7897;ng l&#432;&#7907;ng, l&agrave; y&#7871;u t&#7889; gi&#7843;m gi&aacute; &#273;&#7847;u ti&ecirc;n. Relative Strength Index (RSI) l&agrave; ch&#7881; b&aacute;o &#273;&#7897;ng l&#432;&#7907;ng, so s&aacute;nh gi&aacute; t&#259;ng v&agrave; gi&#7843;m g&#7847;n nh&#7845;t &#273;&#7875; &#273;o xem l&#7921;c mua hay l&#7921;c b&aacute;n &#273;ang m&#7841;nh l&ecirc;n.
T&#7915; ng&agrave;y 10/12 &#273;&#7871;n 14/01, gi&aacute; Ethereum t&#7841;o &#273;&#7881;nh th&#7845;p h&#417;n trong khi RSI l&#7841;i c&oacute; &#273;&#7881;nh cao h&#417;n. S&#7921; k&#7871;t h&#7907;p n&agrave;y ph&#7843;n &aacute;nh &aacute;p l&#7921;c gi&#7843;m &#7849;n. N&oacute; th&#7875; hi&#7879;n s&#7921; c&#7843;i thi&#7879;n v&#7873; &#273;&#7897;ng l&#432;&#7907;ng, nh&#432;ng gi&aacute; kh&ocirc;ng ph&#7843;n &#7913;ng l&#7841;i, th&#432;&#7901;ng xu&#7845;t hi&#7879;n &#7903; nh&#7919;ng v&ugrave;ng &#273;&#7881;nh ho&#7863;c cu&#7889;i xu h&#432;&#7899;ng t&#259;ng.
Ti&#7871;p &#273;&oacute;, t&#7915; ng&agrave;y 06/01 &#273;&#7871;n ng&agrave;y 14/01, gi&aacute; ETH l&#7841;i nh&iacute;ch l&ecirc;n cao h&#417;n, nh&#432;ng RSI l&#7841;i t&#7841;o &#273;&#7881;nh th&#7845;p h&#417;n. Chuy&#7875;n &#273;&#7897;ng n&agrave;y b&#7893; sung t&iacute;n hi&#7879;u ph&acirc;n k&#7923; gi&#7843;m gi&aacute; truy&#7873;n th&#7889;ng tr&ecirc;n khung ng&agrave;y.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/TxPrGMhaAOCo8UiX0wVR5epbHB8=/smart/89c175902d0e4f05822434676c4cdb10" alt="Bearish Signs:" class="wp-image-792879">D&#7845;u hi&#7879;u gi&#7843;m gi&aacute;:<a href="https://www.tradingview.com/chart/HEOJm180/?symbol=BINANCE%3AETHUSD" target="_blank" rel="noreferrer noopener nofollow"> TradingView</a>

Mu&#7889;n &#273;&#7885;c th&ecirc;m c&aacute;c ph&acirc;n t&iacute;ch token nh&#432; n&agrave;y? &#272;&#259;ng k&yacute; nh&#7853;n B&#7843;n tin Crypto h&agrave;ng ng&agrave;y t&#7915; Editor Harsh Notariya <a href="https://go.beincrypto.com/4lUzHZj" target="_blank" rel="noreferrer noopener">t&#7841;i &#273;&acirc;y</a>.
Hai t&iacute;n hi&#7879;u RSI tr&ecirc;n &#273;&#7873;u cho chung m&#7897;t k&#7871;t lu&#7853;n: &#272;&#7897;ng l&#432;&#7907;ng &#273;ang y&#7871;u &#273;i c&#7843; &#7903; nh&#7883;p l&#7899;n v&agrave; s&oacute;ng t&#259;ng g&#7847;n nh&#7845;t, t&#7913;c l&agrave; &#273;&#7881;nh th&aacute;ng 01. D&ugrave; v&#7853;y, &#273;&acirc;y ch&#432;a ph&#7843;i d&#7845;u hi&#7879;u ch&#7855;c ch&#7855;n b&aacute;o hi&#7879;u xu h&#432;&#7899;ng gi&#7843;m, nh&#432;ng r&#7911;i ro l&agrave; &#273;&#7881;nh th&aacute;ng 01 s&#7869; gi&#7919; &#273;&#432;&#7907;c n&#7871;u phe mua kh&ocirc;ng s&#7899;m l&#7845;y l&#7841;i v&#7883; th&#7871; ch&#7911; &#273;&#7897;ng.
N&#7871;u &#273;&#7897;ng l&#432;&#7907;ng ti&#7871;p t&#7909;c gi&#7843;m, Ethereum s&#7869; d&#7877; ti&#7871;n h&agrave;nh th&#7917; th&aacute;ch v&ugrave;ng h&#7895; tr&#7907; th&#7845;p h&#417;n. Ngay l&uacute;c &#273;&oacute;, th&#7883; tr&#432;&#7901;ng c&#361;ng s&#7869; ch&uacute; &yacute; &#273;&#7871;n c&aacute;c ch&#7881; s&#7889; on-chain.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-profit-incentives-exist-but-spot-sellers-are-staying-calm">&#272;&#7897;ng l&#7921;c ch&#7889;t l&#7901;i c&oacute;, nh&#432;ng ng&#432;&#7901;i b&aacute;n spot v&#7851;n gi&#7919; b&igrave;nh t&#297;nh</h2>

D&#7919; li&#7879;u on-chain cho th&#7845;y <a href="https://vn.beincrypto.com/ethereum-price-breakout-could-fail/" target="_blank" rel="noreferrer noopener">c&aacute;c holder Ethereum</a> &#273;ang c&oacute; kho&#7843;n l&#7907;i nhu&#7853;n ch&#432;a ch&#7889;t kh&aacute; l&#7899;n. Ch&#7881; s&#7889; Net Unrealized Profit/Loss (NUPL) d&ugrave;ng &#273;&#7875; &#273;o t&#7893;ng l&#7907;i nhu&#7853;n ho&#7863;c thua l&#7895; tr&ecirc;n gi&#7845;y b&#7857;ng c&aacute;ch so gi&aacute; hi&#7879;n t&#7841;i v&#7899;i gi&aacute; mua v&agrave;o trung b&igrave;nh c&#7911;a coin.
NUPL t&#7893;ng h&#7907;p c&#7911;a Ethereum, x&eacute;t c&#7843; nh&agrave; &#273;&#7847;u t&#432; ng&#7855;n h&#7841;n l&#7851;n d&agrave;i h&#7841;n, &#273;ang &#7903; g&#7847;n m&#7913;c cao nh&#7845;t trong th&aacute;ng. Ngay c&#7843; sau khi gi&aacute; &#273;i&#7873;u ch&#7881;nh h&#417;n 6% k&#7875; t&#7915; &#273;&#7881;nh th&aacute;ng 01, NUPL ch&#7881; gi&#7843;m t&#7915; kho&#7843;ng 0.31 xu&#7889;ng 0.30. M&#7913;c gi&#7843;m n&agrave;y ch&#7881; kho&#7843;ng 3% &mdash; nh&#7887; h&#417;n nhi&#7873;u so v&#7899;i bi&#7871;n &#273;&#7897;ng gi&aacute;.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/SEYBT8pLlABVa5qo4Wp_ostmn4U=/smart/627133ff111542dbbc48c96de47caac4" alt="Profit Booking Incentive Remains" class="wp-image-792881">&#272;&#7897;ng l&#7921;c ch&#7889;t l&#7901;i v&#7851;n c&ograve;n: <a href="https://studio.glassnode.com/dashboards/asset-overview?a=ETH&amp;referrer=home_assets_table" target="_blank" rel="noreferrer noopener nofollow">Glassnode</a>

&#272;i&#7873;u n&agrave;y quan tr&#7885;ng, b&#7903;i NUPL cao s&#7869; k&iacute;ch th&iacute;ch vi&#7879;c ch&#7889;t l&#7901;i, nh&#7845;t l&agrave; khi c&aacute;c t&iacute;n hi&#7879;u k&#7929; thu&#7853;t &#273;ang y&#7871;u &#273;i. V&#7873; l&yacute; thuy&#7871;t, Ethereum &#273;ang &#273;&#7913;ng tr&#432;&#7899;c r&#7911;i ro b&#7883; b&aacute;n ch&#7889;t l&#7901;i &ndash; &#273;&acirc;y l&agrave; y&#7871;u t&#7889; gi&#7843;m gi&aacute; th&#7913; hai.
Tuy nhi&ecirc;n, th&#7921;c t&#7871; &#273;i&#7873;u n&agrave;y l&#7841;i ch&#432;a x&#7843;y ra &#7903; th&#7883; tr&#432;&#7901;ng giao ngay.
D&#7919; li&#7879;u Spent Coins Age Band &ndash; theo d&otilde;i l&#432;&#7907;ng coin th&#7921;c t&#7871; &#273;&#432;&#7907;c chuy&#7875;n &#273;&#7897;ng tr&ecirc;n chu&#7895;i &ndash; l&#7841;i ghi nh&#7853;n di&#7877;n bi&#7871;n ng&#432;&#7907;c l&#7841;i. T&#7915; ng&agrave;y 14/01, ho&#7841;t &#273;&#7897;ng chuy&#7875;n coin tr&ecirc;n c&aacute;c nh&oacute;m tu&#7893;i c&#7911;a ETH &#273;&atilde; gi&#7843;m m&#7841;nh t&#7915; kho&#7843;ng 318,000 ETH xu&#7889;ng ch&#7881; c&ograve;n 84,300 ETH (m&#7913;c th&#7845;p nh&#7845;t th&aacute;ng). T&#7913;c l&agrave; gi&#7843;m g&#7847;n 74%.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/Si-KRaAS7PCoux3oWIv0j_AEM84=/smart/b67c0820aca94085b7f328bb75d027d2" alt="Coin Activity Staying Low" class="wp-image-792882">Ho&#7841;t &#273;&#7897;ng chuy&#7875;n coin v&#7851;n &#7903; m&#7913;c th&#7845;p: <a href="https://app.santiment.net/charts/9w1M2ZR8__sCl" target="_blank" rel="noreferrer noopener nofollow">Santiment</a>

Hi&#7875;u &#273;&#417;n gi&#7843;n, d&ugrave; gi&aacute; gi&#7843;m nh&#432;ng l&#7841;i c&oacute; &iacute;t holder d&#7883;ch chuy&#7875;n coin h&#417;n. &#272;i&#7873;u n&agrave;y cho th&#7845;y kh&ocirc;ng x&#7843;y ra hi&#7879;n t&#432;&#7907;ng b&aacute;n th&aacute;o ho&#7863;c &#273;&#7893; x&ocirc; ch&#7889;t l&atilde;i. C&aacute;c holder giao ngay t&#7887; ra ki&ecirc;n nh&#7851;n, s&#7861;n s&agrave;ng gi&#7919; coin qua nh&#7883;p gi&#7843;m n&agrave;y thay v&igrave; b&aacute;n th&aacute;o.
V&#7853;y n&#7871;u th&#7883; tr&#432;&#7901;ng giao ngay v&#7851;n b&igrave;nh t&#297;nh, r&#7911;i ro gi&#7843;m gi&aacute; n&#7857;m &#7903; &#273;&acirc;u?
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-derivatives-positioning-turns-3-050-into-a-make-or-break-ethereum-price-level">V&#7883; th&#7871; ph&aacute;i sinh bi&#7871;n 3,050 USD th&agrave;nh ng&#432;&#7905;ng gi&aacute; quy&#7871;t &#273;&#7883;nh cho Ethereum</h2>

&Aacute;p l&#7921;c &#273;&atilde; chuy&#7875;n d&#7883;ch khi ph&acirc;n t&iacute;ch th&ecirc;m v&#7873; th&#7883; tr&#432;&#7901;ng ph&aacute;i sinh.
Tr&ecirc;n th&#7883; tr&#432;&#7901;ng perpetual ETH-USDT c&#7911;a Binance, v&#7883; th&#7871; trong 30 ng&agrave;y t&#7899;i &#273;ang nghi&ecirc;ng m&#7841;nh v&#7873; ph&iacute;a long. T&#7893;ng &#273;&ograve;n b&#7849;y long c&#7897;ng d&#7891;n v&agrave;o kho&#7843;ng 3.36 t&#7927; USD, trong khi t&#7893;ng v&#7883; th&#7871; short ch&#7881; h&#417;n 1.93 t&#7927; USD. &#272;i&#7873;u n&agrave;y t&#7841;o ra khuynh h&#432;&#7899;ng long r&#7845;t m&#7841;nh, khi 80&ndash;90% v&#7883; th&#7871; nghi&ecirc;ng v&#7873; 1 chi&#7873;u.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/699d5vAWGxeROm8bZCC2JBE53-A=/smart/09903577e6814eeb987ec3d0a40616ba" alt="Long-Bias Is Visible" class="wp-image-792883">Nghi&ecirc;ng long th&#7875; hi&#7879;n r&otilde;:<a href="https://www.coinglass.com/pro/futures/LiquidationMap" target="_blank" rel="noreferrer noopener nofollow"> Coinglass</a>

S&#7921; m&#7845;t c&acirc;n &#273;&#7889;i n&agrave;y s&#7869; c&agrave;ng nguy hi&#7875;m khi gi&aacute; ch&#7841;m c&aacute;c v&ugrave;ng gi&aacute; quan tr&#7885;ng.
B&#7843;n &#273;&#7891; thanh l&yacute; cho th&#7845;y c&oacute; m&#7897;t l&#432;&#7907;ng l&#7899;n v&#7883; th&#7871; long d&#7877; b&#7883; thanh l&yacute; t&#7853;p trung ngay d&#432;&#7899;i m&#7913;c 3,050 USD. Tr&ecirc;n v&ugrave;ng gi&aacute; n&agrave;y, &aacute;p l&#7921;c thanh l&yacute; kh&ocirc;ng qu&aacute; l&#7899;n. Tuy nhi&ecirc;n, n&#7871;u gi&aacute; gi&#7843;m xu&#7889;ng d&#432;&#7899;i m&#7889;c n&agrave;y, ph&#7847;n l&#7899;n trong s&#7889; 3.3 t&#7927; USD &#273;&ograve;n b&#7849;y long s&#7869; l&acirc;m v&agrave;o tr&#7841;ng th&aacute;i r&#7911;i ro cao. &#272;&acirc;y ch&iacute;nh l&agrave; y&#7871;u t&#7889; ti&#7873;m &#7849;n th&#7913; ba &#273;&aacute;ng ch&uacute; &yacute;.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/uBXxLMEKsNkpSe4sVeDz1lPHCxQ=/smart/8cd32489b1514631b7998425698c1816" alt="ETH Liquidation Map" class="wp-image-792884">B&#7843;n &#273;&#7891; thanh l&yacute; ETH: <a href="https://www.coinglass.com/pro/futures/LiquidationMap" target="_blank" rel="noreferrer noopener nofollow">Coinglass</a>

Nh&#7919;ng d&#7919; li&#7879;u n&agrave;y ho&agrave;n to&agrave;n tr&ugrave;ng kh&#7899;p v&#7899;i c&aacute;c bi&#7875;u &#273;&#7891; k&#7929; thu&#7853;t.
Khu v&#7921;c quanh 3,050 USD l&agrave; v&ugrave;ng h&#7895; tr&#7907; quan tr&#7885;ng c&#7911;a <a href="https://vn.beincrypto.com/ethereum-forms-history-as-price-breaks-out/">ETH t&#7915; &#273;&#7847;u</a> n&#259;m 2026. N&#7871;u gi&aacute; &#273;&oacute;ng c&#7917;a d&#432;&#7899;i m&#7889;c n&agrave;y tr&ecirc;n khung ng&agrave;y, kh&ocirc;ng ch&#7881; nhi&#7873;u v&#7883; th&#7871; long b&#7883; thanh l&yacute; m&agrave; c&ograve;n khi&#7871;n c&#7845;u tr&uacute;c k&ecirc;nh t&#259;ng h&igrave;nh th&agrave;nh t&#7915; th&aacute;ng 11 c&oacute; nguy c&#417; b&#7883; ph&aacute; v&#7905;. Khi &#273;&oacute;, gi&aacute; ETH c&oacute; th&#7875; gi&#7843;m s&acirc;u nhanh ch&oacute;ng, trong &#273;&oacute; 2,760 USD s&#7869; l&agrave; v&ugrave;ng h&#7895; tr&#7907; ti&#7871;p theo c&#7847;n ch&uacute; &yacute;.
&#7902; chi&#7873;u ng&#432;&#7907;c l&#7841;i, <a href="https://vn.beincrypto.com/4000-ethereum-price-network-metrics/" target="_blank" rel="noreferrer noopener">Ethereum c&#7847;n</a> l&#7845;y l&#7841;i m&#7889;c 3,390 USD n&#7871;u mu&#7889;n trung h&ograve;a c&aacute;c t&iacute;n hi&#7879;u xu h&#432;&#7899;ng ti&ecirc;u c&#7921;c &#7903; th&#7901;i &#273;i&#7875;m hi&#7879;n t&#7841;i. N&#7871;u gi&aacute; v&#432;&#7907;t qua 3,480 USD, kh&#7843; n&#259;ng ph&#7909;c h&#7891;i s&#7869; r&otilde; r&agrave;ng h&#417;n. &#272;&#7875; xu h&#432;&#7899;ng t&#259;ng tr&#7903; l&#7841;i m&#7841;nh m&#7869;, ETH c&#7847;n b&#7913;t ph&aacute; qua v&ugrave;ng 3,650 USD, khi &#273;&oacute; m&#7913;c gi&aacute; 4,260 USD s&#7869; ho&agrave;n to&agrave;n kh&#7843; thi trong th&#7901;i gian t&#7899;i.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/-aut4tjyAzs8KFdOLd1PN963GR4=/smart/abfae0f013aa4033a21db37f48d3f456" alt="Ethereum Price Analysis" class="wp-image-792886">Ph&acirc;n t&iacute;ch gi&aacute; Ethereum: <a href="https://www.tradingview.com/chart/HEOJm180/?symbol=BINANCE%3AETHUSD" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>

T&oacute;m l&#7841;i, b&#7913;c tranh hi&#7879;n t&#7841;i kh&aacute; r&otilde;: &#273;&agrave; t&#259;ng &#273;ang y&#7871;u d&#7847;n, l&#7921;c ch&#7889;t l&#7901;i v&#7851;n c&ograve;n, nh&#7919;ng ng&#432;&#7901;i gi&#7919; ETH spot v&#7851;n kh&aacute; an t&acirc;m, c&ograve;n th&#7883; tr&#432;&#7901;ng ph&aacute;i sinh th&igrave; &#273;ang c&oacute; nhi&#7873;u r&#7911;i ro. Gi&aacute; ETH v&#7851;n ch&#432;a gi&#7843;m s&acirc;u, nh&#432;ng n&#7871;u m&#7889;c 3,050 USD b&#7883; th&#7911;ng, r&#7911;i ro s&#7869; kh&ocirc;ng c&ograve;n l&agrave; &#273;i&#7873;u ch&#7881; n&#7857;m tr&ecirc;n l&yacute; thuy&#7871;t n&#7919;a.

3 yếu tố khiến đỉnh tháng 01 của Ethereum gặp rủi ro khi mốc 3,050 USD trở nên quan trọng

Gi&aacute; Ethereum &#273;ang ti&#7871;p t&#7909;c gi&#7843;m. ETH &#273;&atilde; gi&#7843;m kho&#7843;ng 3.2% trong 24 gi&#7901; qua, k&eacute;o d&agrave;i &#273;&agrave; &#273;i&#7873;u ch&#7881;nh t&#7915; &#273;&#7881;nh th&aacute;ng 01 quanh m&#7913;c 3,390 USD. Nh&igrave;n b&#7873; ngo&agrave;i, &#273;i&#7873;u n&agrave;y gi&#7889;ng nh&#432; m&#7897;t giai &#273;o&#7841;n &#273;i&#7873;u ch&#7881;nh th&ocirc;ng th&#432;&#7901;ng trong xu h&#432;&#7899;ng t&#259;ng l&#7899;n h&#417;n. Tuy nhi&ecirc;n, c&#7845;u tr&uacute;c tr&ecirc;n bi&#7875;u &#273;&#7891; l&#7841;i cho th&#7845;y nh&#7919;ng d&#7845;u hi&#7879;u c&#259;ng th&#7859;ng &#273;ang t&iacute;ch t&#7909; trong n&#7897;i t&#7841;i.
R&#7911;i ro kh&ocirc;ng hi&#7879;n r&otilde; ngay khi nh&igrave;n l&#7847;n &#273;&#7847;u, tuy nhi&ecirc;n n&oacute; b&#7855;t &#273;&#7847;u &#273;&aacute;ng ch&uacute; &yacute; khi t&#7893;ng h&#7907;p nhi&#7873;u t&iacute;n hi&#7879;u kh&aacute;c nhau.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-ethereum-s-bullish-structure-is-intact-but-momentum-is-quietly-weakening">C&#7845;u tr&uacute;c t&#259;ng gi&aacute; c&#7911;a Ethereum v&#7851;n gi&#7919; v&#7919;ng, nh&#432;ng &#273;&agrave; t&#259;ng &#273;ang d&#7847;n y&#7871;u &#273;i</h2>

<a href="https://vn.beincrypto.com/vitalik-buterin-ethereum-success-roadmap/" target="_blank" rel="noreferrer noopener">Ethereum v&#7851;n &#273;ang</a> n&#7857;m trong k&ecirc;nh t&#259;ng gi&aacute; v&#7899;i &#273;&#432;&#7901;ng xu h&#432;&#7899;ng d&#432;&#7899;i &#273;&#432;&#7907;c gi&#7919; v&#7919;ng t&#7915; gi&#7919;a th&aacute;ng 11. C&#7845;u tr&uacute;c n&agrave;y v&#7873; m&#7863;t k&#7929; thu&#7853;t v&#7851;n &#7911;ng h&#7897; xu h&#432;&#7899;ng t&#259;ng hi&#7879;n t&#7841;i. Tuy nhi&ecirc;n, gi&aacute; &#273;&atilde; 2 l&#7847;n kh&ocirc;ng v&#432;&#7907;t qua &#273;&#432;&#7907;c v&ugrave;ng kh&aacute;ng c&#7921; ph&iacute;a tr&ecirc;n v&agrave;o ng&agrave;y 10/12 v&agrave; ti&#7871;p t&#7909;c t&#7841;o &#273;&#7881;nh g&#7847;n 3,390 USD v&agrave;o ng&agrave;y 14/01 tr&#432;&#7899;c khi quay &#273;&#7847;u gi&#7843;m.
C&#7843;nh b&aacute;o l&#7899;n &#273;&#7871;n t&#7915; h&agrave;nh vi c&#7911;a &#273;&#7897;ng l&#432;&#7907;ng, l&agrave; y&#7871;u t&#7889; gi&#7843;m gi&aacute; &#273;&#7847;u ti&ecirc;n. Relative Strength Index (RSI) l&agrave; ch&#7881; b&aacute;o &#273;&#7897;ng l&#432;&#7907;ng, so s&aacute;nh gi&aacute; t&#259;ng v&agrave; gi&#7843;m g&#7847;n nh&#7845;t &#273;&#7875; &#273;o xem l&#7921;c mua hay l&#7921;c b&aacute;n &#273;ang m&#7841;nh l&ecirc;n.
T&#7915; ng&agrave;y 10/12 &#273;&#7871;n 14/01, gi&aacute; Ethereum t&#7841;o &#273;&#7881;nh th&#7845;p h&#417;n trong khi RSI l&#7841;i c&oacute; &#273;&#7881;nh cao h&#417;n. S&#7921; k&#7871;t h&#7907;p n&agrave;y ph&#7843;n &aacute;nh &aacute;p l&#7921;c gi&#7843;m &#7849;n. N&oacute; th&#7875; hi&#7879;n s&#7921; c&#7843;i thi&#7879;n v&#7873; &#273;&#7897;ng l&#432;&#7907;ng, nh&#432;ng gi&aacute; kh&ocirc;ng ph&#7843;n &#7913;ng l&#7841;i, th&#432;&#7901;ng xu&#7845;t hi&#7879;n &#7903; nh&#7919;ng v&ugrave;ng &#273;&#7881;nh ho&#7863;c cu&#7889;i xu h&#432;&#7899;ng t&#259;ng.
Ti&#7871;p &#273;&oacute;, t&#7915; ng&agrave;y 06/01 &#273;&#7871;n ng&agrave;y 14/01, gi&aacute; ETH l&#7841;i nh&iacute;ch l&ecirc;n cao h&#417;n, nh&#432;ng RSI l&#7841;i t&#7841;o &#273;&#7881;nh th&#7845;p h&#417;n. Chuy&#7875;n &#273;&#7897;ng n&agrave;y b&#7893; sung t&iacute;n hi&#7879;u ph&acirc;n k&#7923; gi&#7843;m gi&aacute; truy&#7873;n th&#7889;ng tr&ecirc;n khung ng&agrave;y.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/TxPrGMhaAOCo8UiX0wVR5epbHB8=/smart/89c175902d0e4f05822434676c4cdb10" alt="Bearish Signs:" class="wp-image-792879">D&#7845;u hi&#7879;u gi&#7843;m gi&aacute;:<a href="https://www.tradingview.com/chart/HEOJm180/?symbol=BINANCE%3AETHUSD" target="_blank" rel="noreferrer noopener nofollow"> TradingView</a>

Mu&#7889;n &#273;&#7885;c th&ecirc;m c&aacute;c ph&acirc;n t&iacute;ch token nh&#432; n&agrave;y? &#272;&#259;ng k&yacute; nh&#7853;n B&#7843;n tin Crypto h&agrave;ng ng&agrave;y t&#7915; Editor Harsh Notariya <a href="https://go.beincrypto.com/4lUzHZj" target="_blank" rel="noreferrer noopener">t&#7841;i &#273;&acirc;y</a>.
Hai t&iacute;n hi&#7879;u RSI tr&ecirc;n &#273;&#7873;u cho chung m&#7897;t k&#7871;t lu&#7853;n: &#272;&#7897;ng l&#432;&#7907;ng &#273;ang y&#7871;u &#273;i c&#7843; &#7903; nh&#7883;p l&#7899;n v&agrave; s&oacute;ng t&#259;ng g&#7847;n nh&#7845;t, t&#7913;c l&agrave; &#273;&#7881;nh th&aacute;ng 01. D&ugrave; v&#7853;y, &#273;&acirc;y ch&#432;a ph&#7843;i d&#7845;u hi&#7879;u ch&#7855;c ch&#7855;n b&aacute;o hi&#7879;u xu h&#432;&#7899;ng gi&#7843;m, nh&#432;ng r&#7911;i ro l&agrave; &#273;&#7881;nh th&aacute;ng 01 s&#7869; gi&#7919; &#273;&#432;&#7907;c n&#7871;u phe mua kh&ocirc;ng s&#7899;m l&#7845;y l&#7841;i v&#7883; th&#7871; ch&#7911; &#273;&#7897;ng.
N&#7871;u &#273;&#7897;ng l&#432;&#7907;ng ti&#7871;p t&#7909;c gi&#7843;m, Ethereum s&#7869; d&#7877; ti&#7871;n h&agrave;nh th&#7917; th&aacute;ch v&ugrave;ng h&#7895; tr&#7907; th&#7845;p h&#417;n. Ngay l&uacute;c &#273;&oacute;, th&#7883; tr&#432;&#7901;ng c&#361;ng s&#7869; ch&uacute; &yacute; &#273;&#7871;n c&aacute;c ch&#7881; s&#7889; on-chain.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-profit-incentives-exist-but-spot-sellers-are-staying-calm">&#272;&#7897;ng l&#7921;c ch&#7889;t l&#7901;i c&oacute;, nh&#432;ng ng&#432;&#7901;i b&aacute;n spot v&#7851;n gi&#7919; b&igrave;nh t&#297;nh</h2>

D&#7919; li&#7879;u on-chain cho th&#7845;y <a href="https://vn.beincrypto.com/ethereum-price-breakout-could-fail/" target="_blank" rel="noreferrer noopener">c&aacute;c holder Ethereum</a> &#273;ang c&oacute; kho&#7843;n l&#7907;i nhu&#7853;n ch&#432;a ch&#7889;t kh&aacute; l&#7899;n. Ch&#7881; s&#7889; Net Unrealized Profit/Loss (NUPL) d&ugrave;ng &#273;&#7875; &#273;o t&#7893;ng l&#7907;i nhu&#7853;n ho&#7863;c thua l&#7895; tr&ecirc;n gi&#7845;y b&#7857;ng c&aacute;ch so gi&aacute; hi&#7879;n t&#7841;i v&#7899;i gi&aacute; mua v&agrave;o trung b&igrave;nh c&#7911;a coin.
NUPL t&#7893;ng h&#7907;p c&#7911;a Ethereum, x&eacute;t c&#7843; nh&agrave; &#273;&#7847;u t&#432; ng&#7855;n h&#7841;n l&#7851;n d&agrave;i h&#7841;n, &#273;ang &#7903; g&#7847;n m&#7913;c cao nh&#7845;t trong th&aacute;ng. Ngay c&#7843; sau khi gi&aacute; &#273;i&#7873;u ch&#7881;nh h&#417;n 6% k&#7875; t&#7915; &#273;&#7881;nh th&aacute;ng 01, NUPL ch&#7881; gi&#7843;m t&#7915; kho&#7843;ng 0.31 xu&#7889;ng 0.30. M&#7913;c gi&#7843;m n&agrave;y ch&#7881; kho&#7843;ng 3% &mdash; nh&#7887; h&#417;n nhi&#7873;u so v&#7899;i bi&#7871;n &#273;&#7897;ng gi&aacute;.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/SEYBT8pLlABVa5qo4Wp_ostmn4U=/smart/627133ff111542dbbc48c96de47caac4" alt="Profit Booking Incentive Remains" class="wp-image-792881">&#272;&#7897;ng l&#7921;c ch&#7889;t l&#7901;i v&#7851;n c&ograve;n: <a href="https://studio.glassnode.com/dashboards/asset-overview?a=ETH&amp;referrer=home_assets_table" target="_blank" rel="noreferrer noopener nofollow">Glassnode</a>

&#272;i&#7873;u n&agrave;y quan tr&#7885;ng, b&#7903;i NUPL cao s&#7869; k&iacute;ch th&iacute;ch vi&#7879;c ch&#7889;t l&#7901;i, nh&#7845;t l&agrave; khi c&aacute;c t&iacute;n hi&#7879;u k&#7929; thu&#7853;t &#273;ang y&#7871;u &#273;i. V&#7873; l&yacute; thuy&#7871;t, Ethereum &#273;ang &#273;&#7913;ng tr&#432;&#7899;c r&#7911;i ro b&#7883; b&aacute;n ch&#7889;t l&#7901;i &ndash; &#273;&acirc;y l&agrave; y&#7871;u t&#7889; gi&#7843;m gi&aacute; th&#7913; hai.
Tuy nhi&ecirc;n, th&#7921;c t&#7871; &#273;i&#7873;u n&agrave;y l&#7841;i ch&#432;a x&#7843;y ra &#7903; th&#7883; tr&#432;&#7901;ng giao ngay.
D&#7919; li&#7879;u Spent Coins Age Band &ndash; theo d&otilde;i l&#432;&#7907;ng coin th&#7921;c t&#7871; &#273;&#432;&#7907;c chuy&#7875;n &#273;&#7897;ng tr&ecirc;n chu&#7895;i &ndash; l&#7841;i ghi nh&#7853;n di&#7877;n bi&#7871;n ng&#432;&#7907;c l&#7841;i. T&#7915; ng&agrave;y 14/01, ho&#7841;t &#273;&#7897;ng chuy&#7875;n coin tr&ecirc;n c&aacute;c nh&oacute;m tu&#7893;i c&#7911;a ETH &#273;&atilde; gi&#7843;m m&#7841;nh t&#7915; kho&#7843;ng 318,000 ETH xu&#7889;ng ch&#7881; c&ograve;n 84,300 ETH (m&#7913;c th&#7845;p nh&#7845;t th&aacute;ng). T&#7913;c l&agrave; gi&#7843;m g&#7847;n 74%.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/Si-KRaAS7PCoux3oWIv0j_AEM84=/smart/b67c0820aca94085b7f328bb75d027d2" alt="Coin Activity Staying Low" class="wp-image-792882">Ho&#7841;t &#273;&#7897;ng chuy&#7875;n coin v&#7851;n &#7903; m&#7913;c th&#7845;p: <a href="https://app.santiment.net/charts/9w1M2ZR8__sCl" target="_blank" rel="noreferrer noopener nofollow">Santiment</a>

Hi&#7875;u &#273;&#417;n gi&#7843;n, d&ugrave; gi&aacute; gi&#7843;m nh&#432;ng l&#7841;i c&oacute; &iacute;t holder d&#7883;ch chuy&#7875;n coin h&#417;n. &#272;i&#7873;u n&agrave;y cho th&#7845;y kh&ocirc;ng x&#7843;y ra hi&#7879;n t&#432;&#7907;ng b&aacute;n th&aacute;o ho&#7863;c &#273;&#7893; x&ocirc; ch&#7889;t l&atilde;i. C&aacute;c holder giao ngay t&#7887; ra ki&ecirc;n nh&#7851;n, s&#7861;n s&agrave;ng gi&#7919; coin qua nh&#7883;p gi&#7843;m n&agrave;y thay v&igrave; b&aacute;n th&aacute;o.
V&#7853;y n&#7871;u th&#7883; tr&#432;&#7901;ng giao ngay v&#7851;n b&igrave;nh t&#297;nh, r&#7911;i ro gi&#7843;m gi&aacute; n&#7857;m &#7903; &#273;&acirc;u?
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-derivatives-positioning-turns-3-050-into-a-make-or-break-ethereum-price-level">V&#7883; th&#7871; ph&aacute;i sinh bi&#7871;n 3,050 USD th&agrave;nh ng&#432;&#7905;ng gi&aacute; quy&#7871;t &#273;&#7883;nh cho Ethereum</h2>

&Aacute;p l&#7921;c &#273;&atilde; chuy&#7875;n d&#7883;ch khi ph&acirc;n t&iacute;ch th&ecirc;m v&#7873; th&#7883; tr&#432;&#7901;ng ph&aacute;i sinh.
Tr&ecirc;n th&#7883; tr&#432;&#7901;ng perpetual ETH-USDT c&#7911;a Binance, v&#7883; th&#7871; trong 30 ng&agrave;y t&#7899;i &#273;ang nghi&ecirc;ng m&#7841;nh v&#7873; ph&iacute;a long. T&#7893;ng &#273;&ograve;n b&#7849;y long c&#7897;ng d&#7891;n v&agrave;o kho&#7843;ng 3.36 t&#7927; USD, trong khi t&#7893;ng v&#7883; th&#7871; short ch&#7881; h&#417;n 1.93 t&#7927; USD. &#272;i&#7873;u n&agrave;y t&#7841;o ra khuynh h&#432;&#7899;ng long r&#7845;t m&#7841;nh, khi 80&ndash;90% v&#7883; th&#7871; nghi&ecirc;ng v&#7873; 1 chi&#7873;u.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/699d5vAWGxeROm8bZCC2JBE53-A=/smart/09903577e6814eeb987ec3d0a40616ba" alt="Long-Bias Is Visible" class="wp-image-792883">Nghi&ecirc;ng long th&#7875; hi&#7879;n r&otilde;:<a href="https://www.coinglass.com/pro/futures/LiquidationMap" target="_blank" rel="noreferrer noopener nofollow"> Coinglass</a>

S&#7921; m&#7845;t c&acirc;n &#273;&#7889;i n&agrave;y s&#7869; c&agrave;ng nguy hi&#7875;m khi gi&aacute; ch&#7841;m c&aacute;c v&ugrave;ng gi&aacute; quan tr&#7885;ng.
B&#7843;n &#273;&#7891; thanh l&yacute; cho th&#7845;y c&oacute; m&#7897;t l&#432;&#7907;ng l&#7899;n v&#7883; th&#7871; long d&#7877; b&#7883; thanh l&yacute; t&#7853;p trung ngay d&#432;&#7899;i m&#7913;c 3,050 USD. Tr&ecirc;n v&ugrave;ng gi&aacute; n&agrave;y, &aacute;p l&#7921;c thanh l&yacute; kh&ocirc;ng qu&aacute; l&#7899;n. Tuy nhi&ecirc;n, n&#7871;u gi&aacute; gi&#7843;m xu&#7889;ng d&#432;&#7899;i m&#7889;c n&agrave;y, ph&#7847;n l&#7899;n trong s&#7889; 3.3 t&#7927; USD &#273;&ograve;n b&#7849;y long s&#7869; l&acirc;m v&agrave;o tr&#7841;ng th&aacute;i r&#7911;i ro cao. &#272;&acirc;y ch&iacute;nh l&agrave; y&#7871;u t&#7889; ti&#7873;m &#7849;n th&#7913; ba &#273;&aacute;ng ch&uacute; &yacute;.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/uBXxLMEKsNkpSe4sVeDz1lPHCxQ=/smart/8cd32489b1514631b7998425698c1816" alt="ETH Liquidation Map" class="wp-image-792884">B&#7843;n &#273;&#7891; thanh l&yacute; ETH: <a href="https://www.coinglass.com/pro/futures/LiquidationMap" target="_blank" rel="noreferrer noopener nofollow">Coinglass</a>

Nh&#7919;ng d&#7919; li&#7879;u n&agrave;y ho&agrave;n to&agrave;n tr&ugrave;ng kh&#7899;p v&#7899;i c&aacute;c bi&#7875;u &#273;&#7891; k&#7929; thu&#7853;t.
Khu v&#7921;c quanh 3,050 USD l&agrave; v&ugrave;ng h&#7895; tr&#7907; quan tr&#7885;ng c&#7911;a <a href="https://vn.beincrypto.com/ethereum-forms-history-as-price-breaks-out/">ETH t&#7915; &#273;&#7847;u</a> n&#259;m 2026. N&#7871;u gi&aacute; &#273;&oacute;ng c&#7917;a d&#432;&#7899;i m&#7889;c n&agrave;y tr&ecirc;n khung ng&agrave;y, kh&ocirc;ng ch&#7881; nhi&#7873;u v&#7883; th&#7871; long b&#7883; thanh l&yacute; m&agrave; c&ograve;n khi&#7871;n c&#7845;u tr&uacute;c k&ecirc;nh t&#259;ng h&igrave;nh th&agrave;nh t&#7915; th&aacute;ng 11 c&oacute; nguy c&#417; b&#7883; ph&aacute; v&#7905;. Khi &#273;&oacute;, gi&aacute; ETH c&oacute; th&#7875; gi&#7843;m s&acirc;u nhanh ch&oacute;ng, trong &#273;&oacute; 2,760 USD s&#7869; l&agrave; v&ugrave;ng h&#7895; tr&#7907; ti&#7871;p theo c&#7847;n ch&uacute; &yacute;.
&#7902; chi&#7873;u ng&#432;&#7907;c l&#7841;i, <a href="https://vn.beincrypto.com/4000-ethereum-price-network-metrics/" target="_blank" rel="noreferrer noopener">Ethereum c&#7847;n</a> l&#7845;y l&#7841;i m&#7889;c 3,390 USD n&#7871;u mu&#7889;n trung h&ograve;a c&aacute;c t&iacute;n hi&#7879;u xu h&#432;&#7899;ng ti&ecirc;u c&#7921;c &#7903; th&#7901;i &#273;i&#7875;m hi&#7879;n t&#7841;i. N&#7871;u gi&aacute; v&#432;&#7907;t qua 3,480 USD, kh&#7843; n&#259;ng ph&#7909;c h&#7891;i s&#7869; r&otilde; r&agrave;ng h&#417;n. &#272;&#7875; xu h&#432;&#7899;ng t&#259;ng tr&#7903; l&#7841;i m&#7841;nh m&#7869;, ETH c&#7847;n b&#7913;t ph&aacute; qua v&ugrave;ng 3,650 USD, khi &#273;&oacute; m&#7913;c gi&aacute; 4,260 USD s&#7869; ho&agrave;n to&agrave;n kh&#7843; thi trong th&#7901;i gian t&#7899;i.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/-aut4tjyAzs8KFdOLd1PN963GR4=/smart/abfae0f013aa4033a21db37f48d3f456" alt="Ethereum Price Analysis" class="wp-image-792886">Ph&acirc;n t&iacute;ch gi&aacute; Ethereum: <a href="https://www.tradingview.com/chart/HEOJm180/?symbol=BINANCE%3AETHUSD" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>

T&oacute;m l&#7841;i, b&#7913;c tranh hi&#7879;n t&#7841;i kh&aacute; r&otilde;: &#273;&agrave; t&#259;ng &#273;ang y&#7871;u d&#7847;n, l&#7921;c ch&#7889;t l&#7901;i v&#7851;n c&ograve;n, nh&#7919;ng ng&#432;&#7901;i gi&#7919; ETH spot v&#7851;n kh&aacute; an t&acirc;m, c&ograve;n th&#7883; tr&#432;&#7901;ng ph&aacute;i sinh th&igrave; &#273;ang c&oacute; nhi&#7873;u r&#7911;i ro. Gi&aacute; ETH v&#7851;n ch&#432;a gi&#7843;m s&acirc;u, nh&#432;ng n&#7871;u m&#7889;c 3,050 USD b&#7883; th&#7911;ng, r&#7911;i ro s&#7869; kh&ocirc;ng c&ograve;n l&agrave; &#273;i&#7873;u ch&#7881; n&#7857;m tr&ecirc;n l&yacute; thuy&#7871;t n&#7919;a.