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Odaily Planet Daily News: Matrixport released today's chart stating that Ethereum has fallen 50% since hitting a high of $3668 on January 7, 2025. The on chain activity of the entire Ethereum ecosystem has significantly slowed down, while the fundamentals have weakened and ETH demand remains sluggish, leading to a clear bearish sentiment in the market. As multiple key risk events approach, the derivatives market has begun pricing for a significant 10% volatility (regardless of direction) in the coming week. It is worth noting that the price of Ethereum is gradually approaching the low point of the FTX bankruptcy period. FTX is expected to begin making payments to major creditors on May 30, 2025.