This wave of market movement is fierce. As the Federal Reserve adopts a hawkish stance, global risk assets are crying out in unison, and Bitcoin even broke through $60,000. Panic is spreading to every corner, but there is an interesting phenomenon — Ethereum's performance is somewhat different.
It seems the market overreacted. Yes, during liquidity crunches, all high-risk assets tend to be hammered, which is quite normal. But upon closer inspection, Ethereum's fundamentals haven't actually deteriorated. Recent upgrades introduced new data storage mechanisms, and Layer 2 transaction costs have significantly decreased — which is fundamentally a positive development, just overshadowed by the current panic.
More importantly, the technical aspect. ETH has accumulated a large number of buy orders at the $3000 round number, forming a solid wall. If it breaks below? No worries, buy orders flood in, and the price quickly reverses in a V-shape. This kind of movement indicates that the market still values Ethereum at this level.
Short-term panic often presents a packaged opportunity. When emotions settle down, the inevitable truths will emerge.
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ChainDetective
· 20h ago
$3,000 is really a steel gate; once it drops, it will be eaten up.
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WhaleStalker
· 20h ago
The 3000 iron wall is real; every time it’s smashed, someone steps in. That’s a signal.
Breaking 60,000 USD for BTC is indeed shocking, but ETH’s resilience this time shows there’s support.
The reduction in Layer2 costs has been overlooked too much; once the market calms down, everyone will understand.
Another panic bottom? The trend doesn’t quite look like it.
When it broke through, I really wanted to buy the dip, but I just didn’t have the courage to act.
This time is different; the fundamentals are right here.
There are really a lot of buy-in orders, indicating that institutions are still optimistic.
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LayerHopper
· 20h ago
The $3000 hurdle is indeed tough, every time it hits, someone steps in.
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To be honest, ETH's fundamentals are fine, it's just being swept up in panic.
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After messing around for so long, I finally understand that the market's overreaction is really routine.
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Layer2 reducing costs should have been hyped up long ago, why is it only now being noticed?
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I've seen too many V-shaped reversals, and I'm starting to believe in the bottom again.
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Instead of screaming, it's better to buy the dip, anyway, I'm out of money.
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Whenever the Federal Reserve opens its mouth, everything is lost, but if you have some resolve, don't blindly follow the trend.
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Waiting for the moment when the sentiment clears, then the ETH in hand will be valuable.
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If $3000 doesn't break, everything is just empty talk. Can it really be defended this time?
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This round of decline has, in a way, helped a lot; finally, I can get on board.
This wave of market movement is fierce. As the Federal Reserve adopts a hawkish stance, global risk assets are crying out in unison, and Bitcoin even broke through $60,000. Panic is spreading to every corner, but there is an interesting phenomenon — Ethereum's performance is somewhat different.
It seems the market overreacted. Yes, during liquidity crunches, all high-risk assets tend to be hammered, which is quite normal. But upon closer inspection, Ethereum's fundamentals haven't actually deteriorated. Recent upgrades introduced new data storage mechanisms, and Layer 2 transaction costs have significantly decreased — which is fundamentally a positive development, just overshadowed by the current panic.
More importantly, the technical aspect. ETH has accumulated a large number of buy orders at the $3000 round number, forming a solid wall. If it breaks below? No worries, buy orders flood in, and the price quickly reverses in a V-shape. This kind of movement indicates that the market still values Ethereum at this level.
Short-term panic often presents a packaged opportunity. When emotions settle down, the inevitable truths will emerge.