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Ethereum volume has significantly decreased, and investors' long positions have been closed.
According to news from Hash World, Matrixport's analysis indicates that Ethereum's trading volume has plummeted from 122 billion to 57 billion USD, leading to concentrated Close Position for long positions. Although there are still several technical supports below, the funding rate has fallen to below 10%, indicating a slowdown in ETF capital inflow momentum. Currently, Ethereum is in a digestion phase after being overbought, and implied volatility remains high. For aggressive investors, selling call options can capture volatility premium, but the likelihood of returning to 5,000 USD in the short term is limited. Overall, risk control remains the core focus, and after the price breaks below key support, the institution still maintains a cautious attitude.
$ETH #Cryptocurrency Blockchain #Matrixport CryptoTrading #Ethereum