#以太坊行情解读 $ETH 🚨 Two days have just passed, and Ethereum has lost again! The 2800 level has completely fallen, and it’s now fighting hard at 2797.93 USDT. A 4.76% drop in 24 hours—quite a lot, but this isn’t just a normal correction—it's a direct clash between market sentiment and key price levels.

What’s even more intense is that this round of adjustment isn’t just about ETH.

**Market Overview: Collective Pressure**

BTC isn’t doing much better, dropping 3.5% simultaneously. The entire crypto market is pulling back, with smaller coins falling even more sharply—outperforming ETH in decline. Meanwhile, gold remains steady, and the US dollar index is actually surging—this is a typical sign of global hot money retreating from high-risk assets.

**On-Chain Insights**

Recently, 12,000 ETH have flowed into exchanges, with a strong selling vibe. Major whales have reduced their holdings by 0.8% over the past week. But interestingly, active addresses and new addresses haven’t collapsed, indicating that Ethereum’s fundamentals are still relatively stable.

**Leverage Market Turns into a Meat Grinder**

Over $420 million in liquidations in the past 24 hours across the entire network, with ETH accounting for 30%! Long leverage positions have been crushed, and the funding rate for perpetual contracts has shifted from positive to negative—showing that market sentiment is rapidly turning bearish.

**How to Read the Positions?**

Looking downward, the 2700-2750 USDT range is a high-volume trading zone this year, and big buyers are likely to support the market here. Further down, 2600 USDT is a strong support level; long-term traders will see this price as a key level to watch.

Looking upward, 2850-2900 USDT is the first resistance for a rebound, and the 3000 mark is a psychological barrier—whether it can be reclaimed will determine the market’s momentum.

**How to Survive This? Do This**

First, never use high leverage. In this environment, leverage is just giving money to the market. Second, enter in batches—small positions first, confirm the trend before adding more. Going all-in is suicide. Third, keep an eye on the Federal Reserve and the dollar’s direction—that’s the real market commander. If you’re a long-term holder, short-term corrections are just normal cycles. As long as ETH’s fundamentals remain unchanged, hold on.

Ultimately, fear and greed in the market always take turns. Stay calm, trade based on data, and manage your positions well—that’s the key to survival. The next story is on its way, and there are opportunities everywhere.