TechFlow news, on May 9, JackYi, founder of LD Capital, expressed a bullish outlook on ETH, during which ETH rose from $1,700 to $2,200. His analysis was primarily based on the following factors: first, Ethereum's foundational role in its ecosystem and its L1 development strategy; second, the extent of price correction compared to previous highs; third, the existence of substantial short positions in the current market; and fourth, the market influence of its ETF products as one of the mainstream crypto assets.
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