Behind the surge of $ETH is a dual thrust of short covering and ETF expectations!!!
Did you seize the opportunity with Ethereum's explosive rise today? Going long at the 2511 line today also paid off. I mentioned earlier that Bitcoin was in a sideways trend, and Ethereum would definitely catch up. Short covering has driven up demand significantly, leading to a strong price increase.
The likelihood of the U.S. SEC approving a spot Ethereum ETF has skyrocketed from 25% to 75%. This shift in sentiment injects a powerful dose of optimism into the market, propelling ETH prices to soar.
Currently, it is oscillating around 2630, with strong support at 2480. The timing for shorts to enter is not ideal, and the trend continues to push upward. It may be advisable to take a light short position near 2680.
Based on the changing market direction, monitoring capital flow in real time can provide optimal point recommendations. You can focus on #巨鲸JamesWynn动态 #Strategy增持比特币
