Ethereum Faces Multiple Resistance Levels and Falls Below 1900

ETH has dropped over 5% today, briefly falling below $1858, driven by three main pressures:

On the macro level, along with Bitcoin, it is affected by uncertainties in tariffs and the US-Iran geopolitical situation, leading to capital withdrawal from risk assets.

On the on-chain level, Vitalik has withdrawn and transferred 3,500 ETH (approximately $6.95 million) within two days. While not a panic sell, it has worsened market sentiment. Super holders' cost basis is at $2,075, and the current price has fallen below that, with the whale group generally in unrealized losses.

On the derivatives level, the Kalshi market predicts an 85% chance of ETH falling below $1,750, with a 49% chance of dropping to $1,250. The options market shows strong bearish sentiment. Over the past 24 hours, $465 million has been liquidated, with bulls holding a dominant position. #我在Gate广场过新年 $ETH