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Again, they manipulated the market with fake news. Just when everyone thought it would go up, they caused drops with speculative news related to an analyst's words. The news goes like this:
"Bloomberg ETF Analyst: \"Another 19b-4 amendment has been filed for the Grayscale Mini Ethereum Trust. It is still unclear whether this amendment will be evaluated together with other referenced ETFs."
To avoid losing money in the cryptocurrency market, use leverage with as low as possible x value in leveraged trades. If you want to make significant gains, increase your trading balance, but stay away from high x value trades to minimize the impact of market fluctuations.