On-chain data shows: Is 2,800 the death line for Ethereum?

Currently, a large number of holders have their Ethereum (ETH) acquisition cost concentrated around 2,800 US dollars, which means this is a key price point where the battle between bulls and bears is most intense.

Let's interpret the hidden logic behind this: once the price falls below 2800, it may trigger a surge of stop-loss orders;

While breaking through and stabilizing may ignite a new round of upward momentum, becoming the ignition point for institutional buying.

The current situation, combined with expectations of ETF speculation, the co-founder's high-level selling, and frequent movements of whale holdings, is not simply a "support level" but rather a watershed between those who profit and those who lose.