On March 19, according to Cointelegraph, Ethereum fell to around $2,100, with intraday losses reaching 7%, primarily due to the Federal Reserve's interest rate decision and higher-than-expected inflation expectations. Over the past 24 hours, total long liquidations in the crypto market reached $492.8 million, with over $144 million in ETH long positions forcibly closed. Most critically, CoinGlass data shows that if ETH breaks below $2,000, it will trigger over $2.5 billion in leveraged long liquidations across all trading platforms, meaning that if bearish momentum continues, ETH faces the risk of a larger-scale cascade decline. Additionally, US spot Ethereum ETFs recorded net outflows of over $55.5 million on Wednesday, ending the previous six-day streak of net inflows.

In the past eight FOMC meetings, ETH declined in seven of them following the meetings. Typical post-FOMC pullbacks range between 16% to 23%, while deeper deleveraging phases can see declines of 33% to 43%.

From a technical perspective, $2,100 is the current key support level, coinciding with the upper rail of the ascending triangle and the 50-day moving average. If bulls can hold this level, the next target is $2,575 (100-day moving average), with the triangle's measured target at $2,700 above that. Should $2,100 break, ETH will retest the triangle's support line around $2,000; if it further breaks below the 20-day moving average, it faces the risk of testing $1,800. #Gate13周年全球庆典