Today's operation of ETH makes people shake their heads - it plunged in a straight line by over 5%, keeping the price just above $2800.

Looking at the market, this downward channel hasn't stopped recently. Today is even harsher, with accelerated downward pressure. Although the buying funds account for a significant portion, they still couldn't withstand the selling pressure.

The short-term downturn is evident, and those holding spot assets probably need to reconsider their strategy at this point. Market sentiment has clearly cooled, and whether it can stabilize moving forward will depend on whether the support levels can hold.