It turns out that the money lost on Meme these past two days has all gone into the long position of $ETH .

Let's talk about the reasons for the recent rise in ETH.

Currently, besides BlackRock and a few large fund trust institutions increasing their positions in $BTC , most small and medium-sized institutions are trying to invest in ETH as an asset.

This is because large institutions have been increasing their positions in BTC, and there are a lot of profits to be made. Moreover, at the new high price of BTC, ETH seems to have a better cost-performance ratio.

Additionally, the exchange rate between ETH and BTC has reached 0.025, making ETH's rise the primary target for small and medium-sized institutions. Learning from MicroStrategy's experience with BTC, these institutions also want to become the MicroStrategy of ETH.

Now, buying ETH to gain the upward potential and exchanging it for ETH and BTC will definitely be much more cost-effective than directly purchasing BTC at the moment.

The trend has been established; we will watch how it unfolds. The current goal is to be bullish on ETH.

✅ My coin-based contract has been increased to 2694; I am optimistic about ETH breaking through the 3000 target in July!