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Culper Research openly shorts Ethereum and BitMine, predicting further declines in ETH. Culper is regarded as a Wall Street hawk with a very high level of research expertise, specifically targeting overvalued projects for shorting. Classic cases include Applovin and Nexge. In his research report, he pointed out that Fusaka's upgrade broke ETH's token economics; although transaction fees decreased, staking rewards declined, and security was compromised.
Recently, Ethereum's rebound has been clearly weak. Now, it depends on whether E-Guard can reach a consensus to withstand the attack from short-selling institutions. If it can't hold, time will reveal the consequences. Will the classic game of "Station Zha Kong" appear on ETH?!