🚀Why is Ether rising so fast!!!

The recent rise of $ETH can be attributed to 3 main reasons: 30% based on expectations and 70% influenced by sentiment:

1. Oversold rebound: The ETH to BTC exchange rate had previously dropped to a historical low of 0.18. With 19534429825 breaking through the 100,000 mark, funds are flowing back to replenish ETH positions.

2. ETF staking expectations: In June, the U.S. may approve the staking feature for ETH spot ETFs, similar to depositing money in a bank for interest, which will attract institutional funds.

3. Impact of technical upgrades: The Pectra upgrade will promote the ecosystem and increase ETH demand, but implementation will take time, and there are no obvious advantages in the short term.

#以太 's rise has driven up ETHFI, ARB, UNI, ENA, and other tokens. However, the volatility of these tokens is high, and a pullback may occur at any time. ETH has risen 70% from the bottom, so caution is advised for short-term profit-taking.

Di Ge suggests waiting for a pullback below 2200; spot traders can consider positioning, but should not heavily invest. In the long term, he is more optimistic about BTC, $SOL , and BNB. Contract traders should mainly focus on [going long on dips], and Di Ge will notify the specific entry positions internally.