It's useful to compare it with other coins in the same sector to see whether this is an isolated event or part of a sector rotation.
Take this one: Bloomberg: North Korea denies involvement in the $6.3 billion Binance theft, $ETH down 0.53% today, with a trading volume of 564 million.
This kind of negative news may prompt some investors to exit first. Whether they come back later depends on how the market performs.