There is no doubt that the data for $ETH is quite stable, maintaining a steady sell-off. The two funds from Grayscale and Fidelity are the main forces behind the sell-off, especially since Fidelity's investors have already increased their net holdings in Bitcoin, yet the sentiment for ETH remains a sell-off. Although the volume of the sell-off is not large, it is still quite troublesome to continue like this.

Apart from these three institutions, other investors seem relatively calm. Even ETH investors do not show obvious signs of panic; however, some investors are gradually giving up. Today, not only did it drop below $2,000, but it also fell below $1,900, which is quite challenging.

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