#以太坊大户持仓变化 This position is a bit risky—$ETH's price is exactly pressing against the MA25 (3,067) line. To be honest, this line is not ordinary; over the past two years, both bull and bear markets have been fluctuating around here. Once the daily close drops below this level, there are no strong defenses below, and there's a significant risk of heading straight towards the 2,800 to 3,000 region.

Looking at the trading volume makes it even more painful. During the decline, the volume has been shrinking, with trading activity below the MA5 and MA10 moving averages. What does this indicate? Either the selling pressure isn't being amplified, or the buying strength is even weaker. This kind of downward trend tests traders' mental resilience. Usually, a wave of "panic volume" or a strong bullish candle is needed to break this deadlock.

So, how to operate now? It depends: if the 3,067 level can't hold, decisively reduce positions and wait-and-see, then observe around 2,900 to see if there's support; conversely, if there's a volume-driven rebound that breaks through 3,200 directly, you can try a small long position, as a short-term bottom might be just around the corner. For medium- to long-term traders, keep an eye on the weekly trend to see if a double bottom pattern can form above the MA99 (1,704)—now is not the time for heavy positions.

In the big picture, rather than obsessing over bullish or bearish, it's better to focus on maintaining trading flexibility.