Why have I been optimistic about $ETH recently? Besides the well-known technical upgrades and ETF staking (approved on June 1), another reason is that over the past year, those shorting ETH have consistently made money, accumulating a large number of short positions. Although I haven't found ETH's liquidation map yet, my intuition tells me there will definitely be an explosive "short squeeze" rally. For this weekly-level rebound, I am eyeing the previous high (in 2 months).
I casually checked the ETH/BTC exchange rate, and it really feels like it's at the bottom. Hopefully, it can cooperate with ETF staking for a big rebound.
However, I still hope that at this point in time, a top-tier ETH meme will emerge (it's best if Vitalik leads the charge).
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