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Don't remind me again today

#英伟达AI业务增长 Recently, I noticed that the ETH price pulled back to $2870, but after NVIDIA's earnings report exceeded expectations, it quickly rebounded. A careful analysis of on-chain data reveals that there is indeed strong support around $2800. The realization prices for retail investors and whales are concentrated in this area, and large investors continue to accumulate. This trend of supply concentrating among long-term holders, combined with an increase in short positions, is likely to trigger a short squeeze during a slight rebound. However, market fluctuations still carry uncertainties, and it is advisable to closely monitor the actual growth of NVIDIA's AI business and the impact of the U.S. stock market on the crypto market. Cautious operations and proper risk diversification are the way to go.

ETH8.71%
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