#比特币对比代币化黄金 Ethereum dropped from 3200 to 3110—what exactly happened in the past 24 hours?

This pullback came out of the blue. After surging to 3200, it quickly retraced to around 3110, with a drop of nearly 90 points in just a few hours. Even more alarming is this data: in the past day, total long liquidations exceeded $204 million, with over 100,000 accounts forcibly closed. Market sentiment switched from frenzy to panic much faster than expected.

What does the technical side say? On the hourly chart, a death cross structure has formed, and trading volume has shrunk significantly. Although there is temporary support near 3110, there is heavy resistance above. 3230 is a key resistance level—if the rebound is weak, it's very likely to test the deeper support zone at 2980. On the 15-minute chart, the 3170 to 3225 range is where bears are heavily suppressing price; any rebound into this area requires extra caution.

How should you respond now? Here are a few suggestions for reference: First, if price rebounds to the 3170-3190 range but fails to break through, this could be a window to reduce positions, not add. Second, if 3100 is broken, you must reassess risks; once 2980 is breached, selling pressure could intensify further. Third, blindly bottom-fishing in a weakening trend often backfires—wait for clearer signals before averaging down.

When your position is large and you're sitting on big unrealized losses, it's easiest to make emotional decisions. Market volatility is unpredictable, but risk management should always come first.