#大户持仓动态 $ETH Price falls below 2800, market volatility intensifies

Currently, ETH is quoted at 2797.93 USDT, with a 24-hour decline of 4.76%. This is not just a technical adjustment but also reflects market participants' emotional confrontation at key price levels. More intense volatility may be brewing.

1. The entire market is adjusting 📉
BTC is being pushed down simultaneously, with a 24-hour drop of about 3.5%. Mainstream coins are generally falling more than ETH, indicating this correction has systemic characteristics. Meanwhile, gold remains stable, and the US dollar index continues to strengthen—typical signals of global funds withdrawing from risk assets.

2. What do on-chain data reveal? 🔍
12,000 ETH transferred into exchanges in large amounts, which is a critical move. Whale holdings have decreased by 0.8% over the past week, indicating large funds are gradually realizing profits. However, active addresses and new addresses are performing steadily, suggesting the fundamentals of Ethereum users have not yet deteriorated.

3. Derivatives market is torn apart 💸
The total liquidation amount over the past 24 hours exceeds $420 million, with ETH accounting for 30%. Long leverage has been heavily damaged, and funding rates have flipped from positive to negative—indicating the perpetual contract market has shifted from bullish to bearish sentiment.

4. Support and resistance levels are here 🎯

Downside defense lines:
• 2700-2750 USDT is a high-volume trading zone this year, likely to have support
• 2600 USDT is a strong support level; long-term investors should consider entering at this point

Upside pressure:
• 2850-2900 USDT was previously support and now becomes the first obstacle for a rebound
• 3000 USDT is a psychological barrier; reclaiming it is necessary to rebuild market confidence

5. Practical advice ✅
1. Leverage exposure is the biggest current risk. Using low leverage or no leverage at all is the foundation for survival.

2. Dollar-cost averaging is smarter than all-in. Test the direction with small positions at support and resistance levels, and add more once clear signals emerge.

3. Keep an eye on Federal Reserve policies and the dollar trend. They influence the market more than technical analysis.

4. Long-term holders should remain patient. Short-term corrections are part of the cyclical game. As long as ETH’s value proposition remains unchanged, hold on.

Fear and greed cycle continuously in the market. True traders speak with data, execute according to plan, and manage positions well. When the next opportunity arrives, you’ll have the bullets to shoot.