#加密市场观察 #Max

2000 US Dollar Defense Battle: When ETH's RSI Enters the "28" Deep Waters

The market has once again reached a critical psychological threshold: ETH hovers around $2158, while everyone's gaze is fixed on the $2000 mark below. This is not just ordinary support; it is the lifeline of market sentiment.

How severe is the current situation?

· Cold data: RSI has dropped to 28, entering the oversold range; the Fear and Greed Index is only 14, and the market is shrouded in "extreme fear."

· Pressure from the bulls: Over $1.1 billion in positions have been liquidated, ETF funds are continuously flowing out, and smart money bears are clearly dominant.

· Weak technical structure: A strong resistance zone has formed between $2300 and $2420, and the bulls must overcome this high wall to launch a counterattack.

My perspective: Although an RSI of 28 typically suggests that a rebound may be near, in the current downtrend dominated by liquidation, capital outflows, and macro sentiment, the oversold condition can persist for longer. If $2000 is effectively breached, the next important psychological and technical support will look directly towards the vicinity of $1880.

For traders, any rebound should be seen as an opportunity to reduce positions or adjust allocations, rather than a signal of trend reversal, until ETH reclaims $2420. The market is cruelly telling us: catching falling knives is a high-risk behavior during tightening liquidity and bearish sentiment.

However, it is precisely during such a market winter that we can more clearly distinguish which projects are only driven by price narratives and which are building real value. Just as I have been continuously observing the @Max Charity community, its value does not depend on ETH's price fluctuations but on its ability to continuously convert resources from the crypto world into real-world educational public welfare progress and user growth—this is the solid foundation that transcends cycles.