In the live broadcast of the language community: ETH continues to plummet, is your position still safe? Live streaming room layout real-time single, detailed explanation of ideas!

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 On the morning of September 28th, Ethereum (ETH) fell below the psychological level of $4000 and closed at $3999.64. This decline is not an isolated event, but part of the large-scale sell-off in the cryptocurrency market this week, with Ethereum experiencing its steepest weekly drop since June, dropping about 12%. The market is filled with cautious sentiment. According to Mr. Coin's analysis, the current price is fluctuating in the range of $3970-4030. As long as it does not break through the key pressure of stabilizing at $4100, short-term risks still exist. Source of Market Fluctuations: Macro Pressure and Leveraged Liquidation This week, the cryptocurrency market experienced its most brutal sell-off in months, with the industry's market value evaporating by approximately $300 billion. This sharp decline was triggered by multiple factors. Macroeconomic uncertainty is the primary driving force. The expectation of a Federal Reserve interest rate cut, political uncertainty, and other factors have intensified market concerns, leading to a decrease in investors' risk appetite and a shift towards more stable assets. The chain reaction triggered by high leverage liquidation amplified the downward trend. Coinglass data shows that over $3 billion in long positions have been liquidated on major exchanges. A whale trader named 0xa523 lost up to $36.4 million due to holding 9152 ETH, leaving less than $500000 in his account balance. This type of chain clearing creates a negative feedback loop. Ben Kurland, CEO of encryption research platform DYOR, explained that once the first wave of clearing begins, algorithmic trading and financial pressure turn it into a free fall. 【 02 Fund Trends: Institutional Withdrawal and ETF Outflow 】 Institutional investors are quietly withdrawing. Grayscale recently sold Ethereum worth $53.81 million on Coinbase, indicating that large funds have not actively purchased ETH. The inflow of funds into Ethereum ETFs has significantly slowed down. On September 24th, ETH related ETFs had a net outflow of $79.4 million, while BTC ETFs recorded a net inflow of $241 million. This contrast indicates that institutional investors are currently cautious about Ethereum. The purchasing enthusiasm of listed companies has also significantly cooled down. According to CryptoQuant data, the purchase volume of digital assets by listed companies has plummeted from 64000 bitcoins in July to 12600 in August, a decrease of up to 76%. At the same time, the supply of Ethereum on the exchange has dropped to 14.8 million, the lowest level since 2015. The tight supply should have supported prices, but the phenomenon of synchronous price decline further confirms the lack of market confidence. 【 03 Technical Analysis: Key Support and Overselling Signals 】 From a technical perspective, the Ethereum market structure shows a clear bearish alignment. According to AiCoin data, the price is currently below all major moving averages, including MA5, MA10, MA20, MA50, and the EMA series moving averages. The key support level has moved down to around $3800. This level may become a potential buying point for long-term investors and an important defense line that needs to be closely monitored in the coming days. The technical indicators present contradictory signals. The daily relative strength index (RSI) of Ethereum is 35, indicating that the market is oversold. The 4-hour MACD shows a golden cross, but the daily MACD continues to expand, indicating a contradiction between short-term rebound and long-term decline. Market volatility has significantly increased. Recently, it has become a common phenomenon for Ethereum prices to fluctuate by one or two hundred dollars in a short period of time. A trader bought 5073 ETH at an average price of $3958, quickly facing a floating loss of $844000, highlighting the risk in a highly volatile market. 【 04 Position Survival Strategy: Risk Control and Rational Response 】 In the face of severe fluctuations, risk control has become the key to the survival of positions. Reasonably controlling positions and avoiding high leverage trading are the primary principles for dealing with the current market. A strategy that combines technical analysis and market sentiment may be an effective way to cope with such drastic price fluctuations. Closely monitoring the clearing heat map and large transaction dynamics can help predict the next market trend. Investors should pay attention to changes in macro policies. If the Federal Reserve or other important economic data shows positive news, it may improve market liquidity and provide support for prices. For long-term investors, this correction may provide a good opportunity to accumulate ETH before the market recovers. Historical data shows that ETH often rebounds from a 5-10% decline within a few weeks. Arthur Azizov, founder of B2 Ventures, pointed out that Bitcoin fell below a key price for the first time since early September this week, which is a signal that the market is overheating and entering a slowdown phase. Paul Howard, senior director of market maker Wincent, sees this correction as a 'healthy correction'. In the coming days, the support level of $3800 will be crucial. If it cannot be held, the next key support level may be at $3600 or even lower. But no matter how volatile the market is, strictly controlling position leverage and setting stop loss take profit are the best ways to protect assets Operation suggestion: BTC 108850 long first target watch 109850 second target watch 112765; ETH 3955 long, first target 4030, second target 4100. Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.