$ETH #数字货币市场洞察 Ethereum's Dilemma: When Will the $3.1 Billion Whale Let Go?

ETH is currently struggling around the $3,100 mark, with a large number of underwater positions hidden beneath the surface—institutions are holding losses of over $3.1 billion, essentially stuck halfway up the mountain. This situation is having a notable impact on market sentiment.

However, there are signs that the $3,050-$3,100 range is becoming a gathering ground for capital, with bottom-fishers quietly accumulating strength. In the short term, this area is clearly functioning as a key zone.

From a technical perspective: there are two tough barriers overhead—$3,240 is a strong resistance, and above that, $3,420 is the real hard nut to crack. The downside is also clearly defined: $3,090 is the first line of defense, and if that fails, there are buffers at $2,980 and $2,860. But for now, there’s no clear reversal signal; the pattern is still dominated by choppy trading.

The most likely scenario: as long as the $3,090 support holds, Ethereum has a chance to challenge the upper resistance again. But if it breaks through, there’s room for further downside and risk will ramp up.

Trading advice is straightforward: if you want to get in, small-scale trial positions near key support levels are the basic move, and you must set your stop-loss in advance (for example, $2,980 as a hard exit point). In the current market environment, chasing highs is basically a suicide mission. Protecting your principal and managing risk is the secret to surviving longest.

Where will things head tonight? Will the $3.1 billion in paper losses trigger a main player rally? Can Ethereum break out? What do you think? $ETH