ETH's current trend shows a continuous decline, primarily due to the profit-taking pressure accumulated from the previous significant increase. Once selling pressure begins, it can easily trigger a chain reaction. The correction from the peak has exceeded 10%, and although the decline structure is not very smooth, there is still some technical repair along the way. The key level of 4300 was breached yesterday, and the next support level to watch closely is around 4100. The impact on the spot market is relatively limited, but contracts (especially those with high leverage) will face significant pressure.
Altcoins are nearly all declining, but the performance in this round is slightly different from historical experience: despite such a magnitude of correction, small coins have not experienced a widespread collapse. This indirectly confirms that the proportion of leveraged funds in the altcoin sector is not high, and liquidity is instead being siphoned off by ETH. Therefore, if considering bottom-fishing in the short term, the strategy should prioritize mainstream coins (especially ETH), rather than blindly entering small coins—fund flow is a more reliable basis for layout at present.
