Let's review how Trump's eldest son previously called for a long position on Ethereum to attack retail investors.

Starting from 3800, there was a sell-off, followed by a brief rebound, and then continued selling.

On the night of February 4th, it plummeted from 2900 to 2100. In fact, during that wave, most retail investors in the market had already lost at least 70% and were already quite desperate.

But it wasn't enough, as some retail investors continued to buy the dip, so after a rebound, they continued to sell, dropping from 2600 all the way to 1800. By that time, there weren't many buyers left, and most retail investors had cut their losses.

But it still wasn't enough, far from it. They continued to sell from 1800 down to 1350, constantly triggering margin calls to force ancient large holders to give up their chips, before the decline finally stabilized. The entire process took nearly half a year and occurred while Bitcoin hardly dropped at all, which can be described as extremely bloody and brutal.

After experiencing 1011 this time, the market depth, selling pressure cost, and institutional backing are all far lower than the previous wave of Ethereum. At the same time, this time both BTC and ETH have a lot of profit-taking that needs to be cleared.

What kind of market will emerge next? Let's wait and see.