Recently, the Ethereum market has undergone a deep adjustment for half a month, with trading volume hitting a new low since Trump's election as President of the United States, while the fear index also set a record low since October.
With frequent price fluctuations and 'painting the tape' behavior, the market washout seems to be nearing its end.
This series of actions aims for a dual purpose: first, to clear floating chips through violent fluctuations.
Second, to test the loyalty of remaining holders, ensuring that there will be no large-scale sell-offs during subsequent rallies.
Ultimately, these efforts are reflected in a significant decrease in trading volume, and the market is gradually stabilizing.