Recently, Ethereum's performance has been quite interesting. On January 8th, it dropped by 2.74%, which indeed shows some pressure for the day — falling from a high of 23,100 RMB to around 22,100 RMB, with the USD price at over 3,164. The trading volume wasn't weak, totaling over 178 billion RMB in a single day.

But what's worth noting here is that when looking at longer cycles, the picture changes. The 7-day and 14-day gains are both quite solid, indicating that the overall upward trend is still intact. Short-term corrections might actually be a period of consolidation, and many are still bullish.

From this perspective, the single-day decline could just be a moment that's easily amplified by panic. Those in the know understand that such times often present good entry points. That's just how the market is — some days, you need to look a little deeper than the surface.