Why did $ETH surge? Last night, Old Bao's news was part of it.

Secondly, based on the liquidation chart of Ethereum:

Large orders are basically piled up around 4150, with a cumulative liquidation amount close to 900 million USD.

The judgment is also very simple:

If the main force really wants to make a move, at most they will just blow this area up;

Continuing to smash downwards is not very meaningful, as there are few chips, high costs, and it is easy to undermine the confidence of the bulls.

As a result, the market indeed followed this logic: washing away the liquidations at the key level, then turning around and heading directly to a new high.

So:

With the support of double good news, how can Ethereum not surge? #ETH创历史新高 #杰克逊霍尔会议