Shocking the World! ETH Strongly Breaks Through $2600, Shorts Suffer $430 Million Loss Overnight! The Bull Market Has Just Begun!

Recently, the most explosive news in the crypto circle is that ETH surged by 40%, breaking through $2600 in one go! Is this surge a flash in the pan, or the beginning of a bull market? Today, I will reveal the reasons for ETH's continued rise in the simplest terms!

🚀 Technical Upgrade + Macro Benefits: Double Boost!

In early May, Ethereum completed the Pectra upgrade, increasing the staking limit and introducing account abstraction, significantly optimizing the wallet experience. This has boosted investor confidence and future expectations! At the same time, the US and UK signed a new trade agreement, and US-China negotiations brought macro benefits, with funds flooding into the crypto market, naturally accelerating ETH's upward momentum!

💥 Shorts Liquidated $430 Million, Whales Frenzily Accumulate ETH!

Since May 8, ETH shorts have been liquidated for $430 million, with prices soaring and shorts forced to close positions, creating a 'short-squeeze spiral.' Meanwhile, whales have been accumulating coins since the end of April, with holdings reaching new highs, indicating that there may be significant movements in the future market.

🏦 Institutions Entering, ETH ETF Attracting Massive Investments!

Ethereum ETFs are beginning to attract institutional investments, with BlackRock's iShares Ethereum Trust attracting $500 million in a week. Institutions see ETH as not just a trading tool but also the foundation for DeFi, NFTs, and AI applications, making it highly practical and destined to become an investment hotspot.

🔥 Summary: Don't Miss This Opportunity!

With technical upgrades supporting ETH, the liquidation of shorts, and the backing of institutional whales, short-term corrections are only temporary. In the medium to long term, breaking through $3000 is just a matter of time!