Is it time to bottom out on Ethereum? What should I do with my more than 2700 long positions?

The performance of ETH today is simply a solid proof of 'bears attacking, bulls defeated'!

As a seasoned cryptocurrency blogger, I will use the plainest language that everyone loves

Combining the latest news and chart data, I will give you a complete overview of today’s ETH market—covering everything from technical aspects to news.

Technical Analysis and Fund Dynamics

MACD Death Cross + Red Bars Exploding

The MACD double lines have already crossed down, the bars are rapidly turning red and expanding, directly indicating that the bears are accelerating downward.

Increased Moving Average Pressure

MA7 has crossed below MA30, the short-term double lines are forming a death cross, and the price has completely lost the moving average support.

Surge in Trading Volume

Accompanying the sharp decline, trading volume surged to 28M; this is not regular fluctuation but a panic sell-off type of drop.

Latest News Supplement

Bybit whale suddenly withdrew 1997 ETH (about 5.74 million USD)

On-chain data shows that a whale withdrew nearly 2000 ETH from Bybit overnight; retail investors, seeing the news that 'someone is running away first,' panicked.

ETF funds have slight inflow, but did not support the market

Data shows that BlackRock ETHA had a net inflow of 13.7 million USD yesterday; although funds have followed in, they did not stop the price from falling.

The massive hacker background still lingers

The repercussions of the Bybit incident in February where '1.5B ETH was stolen' are still felt; most institutions remain concerned about the funding chain and trading security.

Investment Advice

Those with positions should quickly reduce their holdings, or stop-loss and exit; entering the market now is just being a bag holder.

For observers, don’t rush; wait for it to pull back to around 2380 USDT with clear signs of stabilization (such as MACD gradually converging, trading volume beginning to shrink); that would be a more reliable bottoming point.

If you are heavily invested, you must also be prepared for panic emotions, set a stop-loss, and avoid emotional trading.

Today, ETH seems to be pressed down as if it has been breached; from the technical indicators, fund flows, and news risks, a short-term decline is highly probable.

The only thing that could reverse the situation might be

Hacker recovery or a hard fork being announced as a 'success', alleviating fears.

ETF inflows turning into real market implementation, with volume keeping up.

Favorable macroeconomic factors coming in (Fed’s stance turning dovish, trade easing).

Without these, relying solely on fantasizing about bullishness is both unreliable and dangerous.

Follow me, and I will take you along to track ETH trends, deeply analyze bearish and bullish factors, bottoming opportunities, and strategic layouts.