Matrixport: Ether falls below support, speculative long positions face concentrated Close Position.

ChainCatcher news, Matrixport released today's chart stating, “Ethereum trading volume plummeted from $122 billion to $57 billion, with speculative long positions concentrated facing Close Position. Although there are still several technical supports below, the funding rate has dropped to below 10%, indicating that ETF capital inflow momentum is slowing down. 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; however, the possibility of a short-term return to $5,000 is limited. Overall, risk control remains the core focus; after the price breaks below key support, we still maintain a cautious attitude.”