🔥 $ETH fell back to 2,600, down nearly twice as much as $BTC
⚡ Institutional funds have seen net outflows for 6 straight days, and leverage is high—$SOL is watching too
⏰ The upgrade news just hit the testnet, but the price turned down. Why?
🔍 Three reasons
1️⃣ Institutions are pulling out: funds saw about $202 million in net outflows on Tuesday
2️⃣ Leverage is too high: about $175 million in long positions were liquidated on Wednesday
3️⃣ Help is still a long way off: the Glamsterdam mainnet won’t arrive until Q4
🎯 Resistance at 2,780｜Support at 2,600 and 2,500
Will ETH hold 2,600 first, or head for 2,500?
A Hold｜B Break down 👇
$MET #Ethereum#IMF豁免萨尔瓦多比特币持仓超限 #深度思考
⚡ Institutional funds have seen net outflows for 6 straight days, and leverage is high—$SOL is watching too
⏰ The upgrade news just hit the testnet, but the price turned down. Why?
🔍 Three reasons
1️⃣ Institutions are pulling out: funds saw about $202 million in net outflows on Tuesday
2️⃣ Leverage is too high: about $175 million in long positions were liquidated on Wednesday
3️⃣ Help is still a long way off: the Glamsterdam mainnet won’t arrive until Q4
🎯 Resistance at 2,780｜Support at 2,600 and 2,500
Will ETH hold 2,600 first, or head for 2,500?
A Hold｜B Break down 👇
$MET #Ethereum#IMF豁免萨尔瓦多比特币持仓超限 #深度思考