PANews reported on September 2nd that Matrixport analyzed in today's chart that Ethereum transaction volume plummeted from $122 billion to $57 billion, leading to a concentrated liquidation of speculative long positions. Despite several technical support levels, the funding rate has fallen 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 offers a way to capture the volatility premium, but the likelihood of a short-term return to $5,000 is limited. Overall, risk management remains paramount, and the agency maintains a cautious stance after the price broke through key support levels.