## Ethereum Faces Pullback Pressure; Short-Term Downtrend May Be Unavoidable

Ethereum(ETH) is currently quoted above $3,140, with moderate gains, but technical indicators show clear risk signals. The current price is just one step away from a key resistance zone, and market participants should be alert to potential reverse fluctuations.

**Whale Lock-In and Reduction Pressure**

The unrealized losses on large whale holdings have exceeded $70 million. These big players are caught in a dilemma—either accept losses and cut positions or hold on in hopes of a rebound. This passive situation often becomes a trigger for downward movement; once selling begins, a chain reaction can quickly spread.

**Technical Pattern Reaching Resistance**

The price has reached the critical resistance zone of $3,030–$3,008. From this position, upward momentum is clearly weakening. Although bulls are still trying, there is a lack of sufficient new capital to support the rally, indicating that the upward push may soon come to a halt.

**Bull Cost Line Risk**

Currently near $3,100, the price is close to the main bullish average cost line. This sensitive area often triggers panic sentiment. Any negative market factors could cause holders to cut losses, leading to a waterfall decline.

**Operational Suggestions**

At this point, consider reducing positions on rallies or opening short positions, with a focus on the support around $3,000. Risk events or technical breakdowns could accelerate the downward trend, so close market monitoring is necessary.