币界网报道：Ethereum wallets saw significant outflows as investors panic-sold over 142 ETH amid a 6.7% price drop, according to recent data. The sell-off occurred as Ethereum's price briefly dipped below $3,400, triggering liquidations and exacerbating market volatility. Analysts noted that leveraged positions were particularly affected, with long liquidations surpassing $30 million within 24 hours. Some traders attributed the downturn to broader crypto market weakness and profit-taking after Ethereum's recent rally. Despite the sell-off, on-chain data shows accumulation by large holders, suggesting institutional interest remains strong. Market observers are now watching key support levels around $3,300, with further declines potentially testing $3,000. Meanwhile, Ethereum network activity remains robust, with daily transactions holding steady above 1 million. The upcoming Ethereum network upgrades and ETF developments continue to be focal points for long-term investors.