The upward trend is good. Let's continue analyzing ETH.

From the gamma ex data, 2800 shows positive gamma enhancement, becoming a small resistance level for the upward movement. However, the negative gamma at the 3000 level is even more pronounced, and the bullish trading sentiment is strong.

The changes in open interest (OI) also support this, with particularly severe OI fluctuations around 2800 and 3000.

From the perspective of implied volatility (iv) changes, the implied volatility is rising, but it is not increasing rapidly, which is actually a good sign.

Technically bullish, I personally chose a neutral strategy to short volatility. I'm betting that we won't break through 2800 this week.

If we break through, I will turn fully bullish.

The upward momentum has been suppressed for too long, so we shouldn't hold too much hope for a breakthrough. After all, it's a world of cryptocurrencies and stocks now, and interest rate cuts are still delayed; short-term rallies are a game within the market.

When will incremental liquidity come in? We can go all in then.

Wishing everyone prosperity~