RT☁777 Daily Analysis

1.26 ETH completely underperformed! The 2950 level was directly broken, over 8 billion in orders set off mines, the deflation myth shattered into pieces, and L2 is still aggressively draining liquidity from the mainnet.
#以太坊 #ETH #加密行情 #Mainstream coins weak

On 2026.1.26, ETH’s weakness was etched into its bones. The current price is $2949, down 0.6% in 24h, breaking the critical 2950 level without resistance. The overall crypto market remains stable, BTC consolidates, SOL oscillates higher, but ETH can’t even hold a whole number level. The problem of not following the market up or down is beyond saving! Even worse, CoinGlass’s solid data shows: as soon as ETH drops below $2808, over $803 million in long positions on major CEXes are directly liquidated. When this bomb explodes, retail investors will face another bloodbath!

Who still believes in ETH’s deflation myth? The 0.8% annualized inflation is a done deal. The so-called “ultrasound money” has long become a joke! The issuance increase from PoS staking directly surpasses Gas token burns. On-chain transactions are cold, Gas fees have fallen to nearly zero, with no basis for burning. Yet the community still insists on deflation—pure self-deception!

The L2 ecosystem, which has been hyped for over half a year, is just a false proposition that drains liquidity from the mainnet! Blob storage cuts L2 costs by 90%, but institutions have invested $140 million into L2, with 90% bypassing ETH mainnet to flow into compliant Optimism. Even the once top Arbitrum has been overtaken. The mainnet has become a cash machine for L2, with daily active users and transaction volume continuously declining. Low Gas fees are not a good sign but a cover-up for no trading activity!

Institutions are also voting with their feet, stepping on ETH! Last week, BTC ETF saw a net inflow of $1.42 billion, SOL ETF also received a steady inflow of $46.88 million, but ETH-related trusts and ETFs only saw a little over $200 million inflow—less than a fraction of BTC. In the eyes of institutions, ETH is now barely even touching SOL’s edge. The so-called number one public chain has long become just a corner piece in institutional portfolios!

The worst hit are retail investors, fooled by pseudo-analysts into bottom-fishing at the 2950 level, unaware that the $2808 level below is a liquidation minefield for over $800 million in orders. Major players have long set up short positions, waiting for retail to take the bait. Behind the positive funding rates, it’s all a scheme for the big players to sell off aggressively while retail buys in!

Stop dreaming! ETH is now in a weak pattern of falling every time it rises. If it can’t hold 2950, the $8 billion liquidation mine at 2808 is right in front of you. Bottom-fishing ETH is like grabbing a flying knife. Holding on blindly will only lead to repeated liquidation. Anyone who touches this trend will be unlucky!

Do you dare to bottom-fish ETH? Do you think the liquidation mine at 2808 will blow up?