I originally thought the drop in ETH was related to Iran.

After looking into it in detail,

ETH's MicroStrategy company SharpLink Gaming just dropped 50 million dollars right off the bat.

From a high of 124 down to 10.

This wave of ETH's rise is based on 3 expectations:

1. MicroStrategy can hold up ETH and drive its rise.

2. ETH ETF will be launched for re-staking, bringing up ETH in a wave.

3. DeFi will ease, leading to a resurgence of on-chain DeFi.

As a result, the first expectation has already been knocked down, and today's good news for DeFi did not lead to an ETH rise.

Re-staking is still a distant prospect.

Yesterday I was chatting with a friend from Rootdata and told him that I need to unlock my 3000 ETH, and today I was left dumbfounded.