ETH at this $3,000 level? Honestly, it’s more fragile than an eggshell.

Let me be blunt: right now, this price point is being held up solely by retail investors’ stubbornness and those 132,000 long positions waiting to be liquidated. If this level can’t hold, the $2,800 area below is basically a slaughterhouse—there’s not even a buffer zone in between. To make things worse, the big players have been eyeing this for a while; they’re just waiting for the crowd to panic so they can dump and harvest.

To tell the truth:

This $3,000 defense line is like that row of metal barricades outside a concert—looks sturdy when everyone’s crowding, but all it takes is one person to fall and it triggers a domino effect. And those main funds? They’re like staff who could maintain order but deliberately kick down the barriers.

Don’t think about bargain hunting

Trying to catch the bottom now? That’s basically catching a falling knife. Between $3,000 and $2,800, there are at least $349 million in long positions buried. Do you think those who are trapped will be happy to watch you make money?

My sincere advice: set your stop-loss and get out fast. Don’t expect the exchange’s server to react faster than you do.

(The above is just my personal opinion, not investment advice.)