Although the data for $BTC TC is quite average, the data for $ETH suddenly skyrocketed, with yesterday's net inflow being the largest since April 28. This is also the first time such a significant net inflow has occurred since ETH's rapid rise. Interestingly, the data was poor in the week leading up to the increase, but yesterday saw a significant improvement, especially with BlackRock's investors directly purchasing over 22,000 ETH.

Moreover, it wasn't just BlackRock; Grayscale, Fidelity, and VanEck also had net inflows of over four digits, and even the ETF in Hong Kong saw nearly four-digit inflows. It's puzzling why there was such a sudden surge in buying yesterday, especially since there were no positive developments for ETH.

Could it be a case of chasing the market? Or is it better to observe for now? My personal suggestion is to be cautious about shorting unless there is clear negative information.

Currently, looking at the 2-hour chart, $ETH 2600 is a minor resistance level. A breakout could lead to a surge, but the increase may not be ideal; we need to see some consolidation before a significant rise.

Alternatively, the price could continue to retrace to the 2400 level and consolidate for a while before pushing up to the 2800-3000 range.

Let's continue to wait; market prices will provide the answers. Don't rush when making trades; the more anxious you are, the more mistakes you are likely to make.

To be prudent, I only entered initial positions for all trades yesterday, and the returns for fans are still quite reasonable.

Fans who chased ETH long positions were decisively closed out; strategically, it would be better to wait for ETH to pull back before entering long positions again. The current trend hasn't changed, with a focus on buying at lower levels.

For the upper resistance, pay attention to the 106k level; I will consider taking profits on long positions here and attempt a small short.