Ethereum (ETH) news shows that its price continues to be under pressure, hovering around $1800, with a net outflow of 4300 ETH from Ethereum ETFs in the last 24 hours, reflecting a bleak market sentiment. The post mentions, 'When in doubt, go short on ETH,' indicating that investors lack confidence in its short-term trend. At the same time, technical analysis suggests that if it falls below $1760, it could trigger significant liquidations, increasing the risk.

My personal view: The current weakness of ETH may be related to macroeconomic tightening and Bitcoin's dominance in the market. Short positions are favored in the short term, but if the Pectra upgrade proceeds as planned (expected in mid-March), it could inject new vitality into ETH. $1800 may be a key bottom, so it's advisable to pay attention to ETF fund flows and support levels, operate cautiously, and it still holds long-term potential.

Personally, I think it's a good time to buy some spot.