#ETH🔥🔥🔥🔥🔥🔥 With a 29% increase, ETH is ready to continue rising strongly

ETH has recorded a strong increase of 29% from May 8 to May 9, which could be a sign of the end of a 10-week bear market when the price bottomed at $1,385 on April 9. This sudden move caused over $400 million in Short positions (selling) of ETH futures contracts to be liquidated, reflecting the surprise of speculators and market makers.

Nonetheless, despite the surge in price, traders remain quite cautious and neutral towards ETH derivatives. Is this clear lack of confidence merely a sign of a temporary recovery, or does it truly mark a trend reversal, especially when the $2,000 level still poses a significant challenge?