#加密市场反弹 L Popular Analyst 'Income Sharks' stated: Regardless of whether you like Ethereum or not, its strong performance is injecting confidence into the entire market. Another influencer, 'Ash Crypto,' even compared its trend to the starting point of last year's Bitcoin bull market.

Although some comments pointed out that this wave of increase was driven by the overall market, the boost in market sentiment, the technical overbought correction, coupled with the upcoming mainnet upgrade, undoubtedly provided perfect fuel for ETH's explosion.

Even Ethereum's market share has quietly rebounded, rising from a low of 7% at the beginning of the month to over 7.5%, setting a new high for several months. Technical analyst Thielen further pointed out that this is a perfect counterattack triggered by 'short squeeze.'