After flipping through data for half a day, the reasons for ETH's sudden surge are probably these three:

#Pectra升级

1. The drop was too severe, a rebound was due

2. The upgrade landed smoothly, boosting confidence

3. A lot of people in the market opened short positions, it's time to harvest

Summary: Recently, don't touch ETH short positions, this thing is like it's been given a shot of adrenaline, soaring straight up💥#BTC重返10万