On March 29, $ETH morning trend review, the first crash of Ethereum occurred at 12:00 PM yesterday, with the price dropping from 2000 to 1900, marking the first crash. I also noticed that in the three hours prior, $ETH had been fluctuating between 2015 and 1995. The last time Ethereum fell below 1990 was around midnight this morning, which can be seen as following the ups and downs of the US stock market, without any significant positive or negative points. Around 1:00 PM Beijing time, the first major sell-off occurred, and four main outflow records were monitored:

12:40:10 Outflow of 3,652,264.0667 USDT - Price 1976.65

12:42:03 Outflow of 1,784,417.7399 USDT - Price 1937.09

12:42:03 Outflow of 2,209,898.2408 USDT - Price 1937.09

12:42:03 Outflow of 1,928,120.7077 USDT - Price 1937.09

After the first crash of $ETH , the market sentiment index rose from 40 to 45, reaching a level of panic. The market entered a consolidation state lasting 6 hours, with the price fluctuating between 1925 and 1905. The second crash occurred around 7 PM, where the first downward trend was observed at 7:05 PM when the price fell back to 1905, leading to a dip around 1860, followed by a rebound, with the rebound price at 1900.

After the crash, the price found support, fluctuating multiple times between 1900 and 1860, with a bottom at 1860. Early this morning, it tested the bottom at 1860 multiple times and rebounded, adjusting to around 1910 by 8 AM, and breaking through the upward trend, moving downwards.

I believe that this morning will also see fluctuations between 1900 and 1880 multiple times, with no significant changes. If large leveraged contract positions can reduce their holdings, it is advisable to minimize holding time to avoid losses.

Do any brothers have opinions?