Although ETH has experienced continuous net inflows, it still cannot withstand the eight spot trading pairs launched by BN within just half a month. The introduction of these trading pairs has undoubtedly caused a severe impact on ETH's liquidity, ultimately leading to the collapse of the meme coin market.
From a technical perspective, ETH is currently testing its key trend line and important support level; the current pullback may be nearing its end. From last night until now, ETH's price has shown a fluctuating downward trend, with three waves of decline, and the correction may be close to completion.
As for altcoins, their liquidity is indeed weak. Currently, with the addition of high-valued junk coins, the liquid funds in the market are being rapidly withdrawn, resulting in a significant drop in altcoins, which have no investment value at all. What can be done is to wait for the opportunity for market recovery.