#土狗冲锋 3.28 Market Overview: ETH is preparing for a second test at 1750, this weak Ethereum has fallen hard. Yesterday during the day, ETH hovered around 2024.68, trying to break through but lacked momentum. A pullback is expected to hold within the range of 1980-1975. However, unexpectedly, the two converging triangles directly broke down, and both important supports at 1980 and 1950 were also breached. The 15M pullback was 101 points; if no defense was set with leverage above 50X, it would have resulted in a significant loss. Many people paid a heavy price for today's sharp drop. 24H total liquidation across the network reached 355 million USD, with the main liquidation of long positions reaching 2.959 million USD, which is unbearable to witness. When opening contracts, please set defense and do not harbor a sense of luck, otherwise, one sharp move can wipe you out, but there is still a chance to earn back the principal. Ethereum's large range pullback is only 10 points away from the 0.618 reversal point at 1886.8, while the upward movement is constrained by resistance at 1915. Given the current market, one can wait for a breakthrough at 1915 to stabilize and defend on the right side at 1886.8, or ambush on the left side at 1886.8 with defense at 1872. The target is first to look at 1950 and then 1980; the goal is to catch a rebound and see how the U.S. stock market opens to observe if the Americans will drive the market up. Yesterday, ETH spot ETF had a net outflow of 2090 contracts, with BlackRock and Grayscale showing no volatility, and Fidelity saw an outflow of 995.67 contracts. Whales have been continuously dumping ETH; first, two whale wallets sold 14,064 units, and then another whale accelerated the drop by selling 6,505 units during the decline. The U.S. government also transferred out 884 units. Whales are not optimistic about Ethereum's recent performance, and Ethereum's market value has dropped to 8.3%, which is abnormal if it doesn't fall.