Ethereum shattered the dreams of shorts directly last night with a strong surge led by the main forces, isolating large areas, and the cost of chips is very high. The purpose is obvious: to eliminate the short sellers, who are the ones footing the bill for this feast.
Currently, it has entered a consolidation phase, and the possibility of a short squeeze to accelerate the concentration above cannot be ruled out, thereby accumulating momentum for future trends.
You can buy in the range of 4630-4670, with targets looking at 4800 and the 5000 mark.
