How to say the current price? There is still quite a divergence between bulls and bears. Some institutions like Trend Research are starting to stop-loss, cut positions, and reduce leverage at this price, while some whales are beginning to leverage up at this price. It has become a "mutual insult" situation.

For example, this whale/institution that has been dormant for 5 years conducted a leveraged long on ETH in the early hours of today:

Collateralized 44,500 ETH ($102 million) to borrow 70 million USDT, and continued to buy 30,222 ETH at a purchase price of $2,316.

The ETH he collateralized was withdrawn from Bitfinex 5 years ago when the price of ETH was $1,354. Currently, he is in profit of $42.57 million.

Address:

0xc3fe8b63ea05e8e27b3f3358d646915d7ed931e4

0x34d1231f15da58762a84ead35242896e7fec4ac1