💥Zhu Su Comments on Ethereum Market: Zhu Su recently posted on the X platform about the panic in the trading community after the ETH theft on Bybit.
- Traders Rush to Short ETH: Many traders have opened short positions due to fear that ETH will fall sharply.
- The Reverse Effect: Shorting Risk: When too many short positions are opened, there is a risk of a “short squeeze” – a situation that can push ETH prices skyrocketing.
- New ATH Expectations for ETH: According to Zhu Su’s analysis, the current narrative could lead to ETH hitting a new all-time high (ATH) if short sales are liquidated en masse.
👀How is the Market Reacting?: Investors are closely watching to see if this volatility will actually push ETH to a record price ?
$ETH