## Can Ethereum Hold the $2850 Level? Support Battle Under Dual Pressure of Whale Sell-Off and ETF Redemptions
ETH's recent movement has fallen into a stalemate—price repeatedly swings around $2,850 after facing significant resistance at $3,100. According to Coinglass data, Ethereum's liquidation volume in the past 24 hours reached $215 million, with 86% of liquidations being longs, indicating that the bulls' defense is gradually weakening.
### Large holders stop-loss, on-chain realized losses exceed $1 billion
On-chain data best illustrates the story. Whale addresses holding 10K-100K ETH coll
ETH's recent movement has fallen into a stalemate—price repeatedly swings around $2,850 after facing significant resistance at $3,100. According to Coinglass data, Ethereum's liquidation volume in the past 24 hours reached $215 million, with 86% of liquidations being longs, indicating that the bulls' defense is gradually weakening.
### Large holders stop-loss, on-chain realized losses exceed $1 billion
On-chain data best illustrates the story. Whale addresses holding 10K-100K ETH coll
ETH-3,49%