Good evening, brothers!

Those nagging words that used to annoy us,

now flow naturally from our own lips,

and the stubbornness we once didn’t understand,

is gradually taking root and sprouting in our own blood.

In the end, we have become versions of our mothers,

and are revising our own annotations in the details…

Modern people often say to "be yourself,"

but rarely realize,

how much of our "self" carries the shadow of our mothers.

Those cooking habits that slip out unconsciously,

the attitude towards difficulties,

even the tone when comforting others,

all bear the imprint of our mothers.

This inheritance is not simple imitation,

but a life code that is integrated into our blood.

Happy Mother's Day,

let's live as our mothers want to see us,

so she doesn't worry,

and let her live better, happier, and more fulfilled.

……

Behind this strong market trend, there are not only macro factors boosting it, but also three major driving forces: technological upgrades, short squeezes, and large investors increasing their holdings.

Ethereum's strong performance primarily benefits from its inherent technological advancements and improvements in the external macro environment.

On May 7, Ethereum successfully implemented the Pectra upgrade, introducing a series of key technological improvements.

This upgrade brought significant enhancements to the Ethereum network's usability and flexibility, including a higher staking cap and account abstraction (EIP-7702 standard). This technological upgrade not only brought substantial functional improvements but also injected new confidence into investors, becoming an important technical foundation for this round of price increase.

On the macro level, the new trade agreement announced on May 8 between the US and the UK, along with the subsequent launch of US-China trade talks, significantly boosted market risk appetite and created a positive atmosphere for the cryptocurrency market, including Ethereum.

Since May 8, the Ethereum futures market has staged a typical "short squeeze," significantly propelling the market.

Data shows that since May 8, there has been a massive liquidation of short positions in the Ethereum futures market, with a clearing amount reaching $437.94 million, far exceeding the $211.29 million in long liquidations during the same period.

BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, showing a strong price trend.

On the daily level, the price continues to stay above the moving average support, and the price trend remains healthy.

In summary, support level at 104,000, resistance level at 104,400.

ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, showing a strong price trend, but the short-term market is overbought, so caution is needed for a price correction, with support at 2,530 and resistance at 2,550.

LTC: The price continues to stay above the middle band of the Bollinger Bands, showing a strong price trend, with support at 100 and resistance at 106.

BCH: The price continues to stay near the middle band of the Bollinger Bands, showing an average price trend. If there are profitable positions, consider reducing some, with support at 410 and resistance at 430.

That's all for now, good night!

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