#加密市场回调 $ETH ETH/USDT continues to weaken, with short-term attention on the support strength in the 1700-1800 USDT range. On-chain data shows that millions of ETH have been withdrawn from exchanges, but the remaining liquidity on exchanges still faces continued selling pressure from bankrupt institutions, creating a tug-of-war between bulls and bears. If ETH can stabilize above 1800 USDT and reclaim the 200-day moving average, it may initiate a new upward cycle.