$ETH broke through 2600, but the ETH/BTC exchange rate still hasn't returned to 0.025. This exchange rate should be achievable, but after reaching this rate, it may take a break. There are no financial markets that can keep rising or falling indefinitely, especially not with 300 billion USD in ETH. FOMO should not be at this position. However, it is very likely that ETH has not finished its move yet, and seeing 2800 or even 3000 is possible.

Talk about the upcoming trend of $ETH

Ethereum has surpassed 2300, and this position is likely to face resistance; it should experience a period of stagnation. The bears have not completely surrendered yet, so there is a high probability that it will rise again next week, and the exchange rate may return to above 0.025.

Why has Ethereum risen so much? Why has the top-performing altcoin seen a shift this time? The answer is that there are too many short positions because Ethereum's recent upgrade has not made a significant impact, and its previous performance was quite poor. The bearish positions are concentrated around 2000, which has led to a massive influx of fuel for this rise. The data is sufficient to prove this point. In the past 24 hours, short positions have liquidated 770 million USD.