#以太坊行情技术解读 Market divergence becomes more pronounced, with ongoing deepening of structural adjustments

The pressure on mainstream cryptocurrencies and the increasingly obvious pullback: Bitcoin repeatedly tests the $90,000 level, Ethereum leads the decline, while $BNB and $SOL also simultaneously enter correction phases. The synchronized pullback of these major assets essentially reflects a significant decline in market risk appetite rather than a critical technical breakdown.

However, the microstructure of the market has become interesting. The social token $JUV surged against the trend due to rumors of USDT acquisition, indicating that incremental funds are quietly shifting toward fringe assets—typical "herding" behavior. $LUNA exhibited extreme emotion-driven characteristics: downside pressure from bad news causing declines, then recovery from positive news, with this repeated tug-of-war driven by the collective psychology of market participants, making chasing highs highly risky.

Key observation: Currently, it is not a window for a full-scale attack but a bifurcated scenario where "mainstream coins are on defense, while small coins are driven by sentiment and news."

Trading insight: In this environment, maintaining a light position and timing sentiment is far more important than blindly chasing directions. When the market shows no clear directional signals, position management and risk control should be the top priorities.