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Market Status: The market is still declining, but a key divergence has emerged. Panic selling has peaked on ETH, while BTC seems to have "smart money" starting to bottom fish.
Specifically:
The downward trend in the market has not stopped, with BTC falling below $89,500, and ETH dropping below the important psychological level of $3,000 to $2,975. A large number of long leverage positions have been forcibly liquidated (margin calls), which has accelerated the decline.
ETH still in darkness: Conversely, ETH experienced a single-day net outflow of over 70,000, indicating that selling pressure remains huge and funds are still fleeing.
ETH: Support at 2,950 / 2,900, resistance at 3,000 / 3,050.#Gate每10分钟送1克黄金 $ETH