【Shocking Revelation! Ethereum Soars 40% and Then Plummets 10%, Is This Last Round of Liquidation a Final Ultimatum?】

Recently, Ethereum has been moving too aggressively! In just a few days, it surged by 40%, only to suddenly plunge 10% tonight, is this the last cleanup in the late stage of the rally?

Technical Highlights:

Major upgrade in early May, block capacity doubled, Rollup projects nearly gas-free, and account operations are smoother and safer.

Market Dynamics:

The price first broke through $2700, then quickly fell back to around $2400. The contract market is booming, with over $400 million in short positions liquidated in just 4 days. Whales are secretly increasing their positions, with net additions of 40 million ETH in large holding addresses.

Regulatory Trends:

The latest stablecoin regulations are frequently emerging in the U.S., the EU will phase out non-compliant stablecoins in June, and Arizona surprisingly allows paying taxes with digital currencies, quite trendy.

My Opinion:

Upgrades bring a sense of satisfaction, but the pressure on node storage is increasing.

Blob space utilization is relatively low, and its potential has not been fully tapped.

Altcoins are following suit with price increases, but their endurance is questionable.

Key Focus Points:

✅ Changes in whale positions

✅ Impact of new EU regulations on DeFi

✅ ETH burn rate

What do you think of this upgrade? Can ETH rise to $3000? Let’s discuss in the comments! Follow me for the most powerful on-chain data! #以太坊ETF