$ETH: Market Thoughts ETHUSDT Perpetual ContractBYBIT:ETHUSDT.PWall_Street_LevelsETHUSDT.P As seen on the chart, price has been trading at the monthly support 📊M-Levels $2368–$2442 for 2 weeks now, making no strong moves to break the level. But there's no real bounce with position building either. Just the flat market everyone hates. 🧩IMA data shows: the largest players have turned and are closing their long bets. Mid-sized players in the top 20 by position size are neutral — sitting on their hands and doing nothing. The previous institutional buying frenzy is gone. And the crowd, as always in these situations, jumped in at the highs and is waiting for the market to keep going up. You could say capital is leaving the market, real buyers are scarce. But during the US session, it's the opposite. While the broader market was selling and pulling money out, 🐋large players were buying a bit of the asset on this dip. It's not enough to move the market yet. We should watch the actions of institutions from US funds: if the buying continues, structurally we are already in a phase of stealth long accumulation. The picture is mixed. The weekly bullish bias is weakening fast, but institutions are buying the dip during the US session. What's the conclusion? Buyers are holding the lower boundary for now. But since 🐋large players are exiting positions quickly and the market overall is selling, there's downside risk. But calling a bearish flip is premature. Trying to buy on the support test right now comes with the risk of a market flush. For a real rally, we need to see large players' interest return to the spot market. Right now, speculators dominate, and we might just see price chop inside the weekly consolidation range 📊W-Levels $2440–$2560. ⚠️If the idea was useful — glad to have your support 🚀. Analysis based on 🧩IMA (Integrated Market Analysis) 📊M-Levels — Institutional Interest Level (IIL)