Internet reports that Matrixport released today's chart showing that Ethereum has fallen by 50% since hitting a high of $3668 on January 7, 2025. The chain activity of the entire Ethereum ecosystem has slowed down significantly, while the fundamentals have weakened and ETH demand has continued to be sluggish, making market sentiment significantly short. As multiple key risk events approach, the derivatives market has begun pricing with sharp fluctuations of 10% over the coming week (regardless of direction). It is worth noting that Ethereum prices are gradually approaching the lows reached during the bankruptcy of FTX. FTX is expected to begin making payments to major creditors on May 30, 2025.