$ETH The retail sentiment in the square is really crazy, let me pour some cold water on you

1. The fundamental logic of ETH hasn't changed at all, BTC and altcoins haven't moved much, this increase is just the big players and exchanges pulling a bit to liquidate both long and short positions of retail investors.

2. With the influx of funds into ETH's ETF, today they inject liquidity and tomorrow they withdraw it. If they were truly bullish from the beginning, they would have injected funds like crazy. Why? ETH is ultimately a decentralized trading platform for altcoins that isn't thorough enough, not digital gold like BTC. Its total supply is unlimited, and additional issuance can't be mined through staking.

3. Given the POS (proof of stake) model, there are now ETH worth tens to hundreds of billions queued up for unstaking, you can't pretend not to see the elephant in the room, this is really going to hit the market.

4. Betting on the interest rate cut policy with such high volatility in ETH, regardless of whether the rate cut actually happens or to what extent, it could potentially be a black swan, triggering a market crash.

In summary, the current risk is very high, exercise patience.