Today, Ethereum's trend is still relatively strong, breaking through $2,700 at one point. The biggest problem is that the trading volume cannot keep up. However, sometimes whales and institutions always release some panic news in order to achieve the purpose of absorbing funds. The most typical one is that on August 7, the market once again reported that Ethereum had a transfer of $2 billion. In fact, this is false news. Coupled with Grayscale's daily Ethereum outflow, Ethereum once fell to $2,363.8 on August 7, a drop of 7.5%. The whale successfully smashed the market again, but it was not known that "Sun Ge" once again increased his holdings of Ethereum on the day of "8.05" when Ethereum plummeted. However, it is worth noting that a piece of news today, Coinbase's chief legal officer: SEC's investigation into Ethereum 2.0 has ended, and the final ruling of the FOIA lawsuit may be in 2025, which stimulated Ethereum to rebound to $2,725.12 today.

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