Odaily Planet Daily reports that Matrixport released a chart today showing that Ethereum transaction volume plummeted from $122 billion to $57 billion, leading to a concentrated liquidation of speculative long positions. Despite several technical supports remaining below, the funding rate has fallen back below 10%, indicating a slowdown in ETF inflows.

Ethereum is currently in a post-overbought digestion phase, with implied volatility remaining elevated. For aggressive investors, selling call options can capture the volatility premium, but the likelihood of a short-term return to $5,000 is limited. Overall, risk management remains paramount, and we remain cautious after the price broke below key support levels.