#美国非农就业数据未达市场预期 Whale Continues to Dump! Five-Year Holding Address Clears $125 Million in ETH in 24 Hours

An old address that has held ETH for five years suddenly moved. In the past day, this major holder deposited over 38,000 ETH into exchanges, worth approximately $125 million. Even more heartbreaking—their cost basis is only around $600, and now at over $3,400, they are疯狂转出, having sold more than 70% of their position, clearly in a liquidation phase.

This large sell pressure has directly suppressed market sentiment. Any small rebound could become an opportunity for major players to offload, so retail investors should be cautious.

From a technical perspective, the outlook is not very optimistic. The price has been hovering below the 3150 level, the 4-hour momentum indicator has already fallen below the zero line, and trading volume is shrinking—basically, there are few buyers stepping in. The key resistance is at 3180, while support levels to watch are at 3080 and 2980-3050.

Don’t rush to buy the dip. In this kind of downtrend, the risk of catching a falling knife is very high. If your current position is heavy and your cost basis is relatively high, it’s advisable to cut some positions and wait for the trend to stabilize before considering new entries. For now, focus on whether there are signs of stability in the 2980-3050 range. Set your stop-losses properly and avoid holding on blindly.

In the short term, ETH is unlikely to break through 3150 effectively today and will probably continue to seek support lower. During the day, it may weakly oscillate around 3080. If panic spreads further, the 2980-3050 zone could be revisited at any time. The main focus should be on defense, not offense.

I will continue to monitor on-chain movements. If you're interested, check out more data analysis like this. $ETH