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Ethereum's performance today was weak, with the price quickly breaking below the key support level of 2900 USDT. The 24-hour decline reached 6.28%, which is a relatively large drop among mainstream coins.
This wave of decline directly impacted holders' accounts, with assets shrinking significantly in the short term, easily triggering market panic. Once panic spreads, it may trigger a larger-scale sell-off, further increasing downward pressure.
From a technical perspective, losing an important psychological price level is itself a negative signal, likely to attract stop-loss orders and short positions. Recently, it is crucial to monitor whether this level can effectively rebound and stabilize; otherwise, the risk of continued decline should not be underestimated.
Down again, my assets are in free fall.
Stop loss has already been triggered; I don't want to get caught again.
Breaking the level is just breaking the level; what happens next depends on whether 2800 can hold.
Panic selling might be coming; it feels like it will continue to test the lows.
This is the toughest test of mental resilience; feeling itchy and uncomfortable.
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Typical panic dumping, but I don't believe stop-losses can force me out. I’ve already backtested the data.
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Psychological price level breached? That's the arbitrage space. Whoever leaves last is the winner. I bet this rebound will happen.
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Miner fees are also rising, are we really about to be fully harvested? But anyway, if you’re all-in, don’t overthink it.
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A 6.28% drop is actually not that bad. Last time this pattern appeared, it was a complete wipeout. I’m not giving investment advice, but I’m still adding to my position.
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The feeling of being in the eye of the storm is like this—the lower it goes, the more tempting it gets. Our group of FOMO traders got caught again.
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Talking about psychological levels again, but every time it breaks, they say it will rebound. And what happened? It continues downward.
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No matter how battered the holders are, is there still anyone daring to buy the dip now?
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When panic sets in, the entire market is doomed. No one can resist the selling.
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Is 2900 really that critical? I think not only that; it has to break below 2800 for it to be truly崩 (collapse).
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Once again, stop-loss orders are being wiped out—the routine of short sellers entering the market. I've had enough.
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There's no point in a rebound at this time. Continuing to fall tomorrow is the real situation.
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Is there anyone still holding on stubbornly? I have already cut my losses.
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Negative technical signals? I knew it would turn out like this; I just didn't expect it so soon.
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Will 2900 rebound or not? Stop scaring us all the time.