Matrixport: Currently, Ethereum is in the digestion phase after being overbought, and the likelihood of returning to $5000 in the short term is limited.

On September 2, Matrixport released a market view stating that Ethereum's volume plummeted from $122 billion to $57 billion, with speculative long positions facing liquidation. Although there are still several technical supports below, the funding rate has dropped below 10%, indicating a slowdown in ETF capital inflow momentum. Currently, Ethereum is in a digestion phase after being overbought, with implied volatility still remaining high. For aggressive investors, selling call options can capture volatility premium, and the likelihood of a short-term return to $5,000 is limited. Overall, risk control remains the core focus, and after the price falls below key support, we still maintain a cautious attitude.