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#美国宏观经济指标链上化 $ETH What's going on recently? On-chain data flow reveals quite a bit of information.
From yesterday's trend, Ethereum repeatedly lost multiple resistance levels, forming a clear stepwise decline pattern. In terms of capital flow, large on-chain transfers are frequent, which often indicates holders actively reducing their positions. In the short term, if the 2920 level cannot be maintained, a retreat to around 2850 is understandable.
From a technical perspective, bearish signals are indeed accumulating. The question is—is this a short-term correction or a larger-scale adjustment? It depends on whether a key support can hold in the next few trading days. Some say now is a good opportunity to position, while others believe the risks haven't been fully released; each has their own logic.
Anyway, safeguarding stop-loss levels is always the top priority.