I just took a careful look around, and the reasons for ETH's surge can be summarized in three points:

1. The earlier drop was too severe, leading to a rebound;

2. The Pectra upgrade was successfully implemented, boosting confidence;

3. There are too many shorts, it's time for a "short squeeze".

Recently, be very cautious about shorting ETH; this thing is like it's on drugs, and when it goes crazy, it's not to be taken lightly.