ETH has risen over 11% in three days, with a focus on breaking through $1800 in the next two days

In the past three days, the market has completed a significant recovery. BTC rose from $60024 to $63650, with a cumulative increase of 6.04%; ETH rose from $1609 to $1791, with a cumulative increase of 11.25%, nearly twice that of BTC, making it one of the strongest mainstream assets in this round of rebound. However, while prices have risen, market sentiment has not risen in sync. The BTC long short ratio has rapidly decreased from 2.79 to 1.41, indicating that leveraged funds are cooling down. In the past 24 hours, the entire network has experienced a sell-off of $664 million, with short positions selling out $399 million, higher than the long position of $265 million. This round of gains is still mainly driven by short covering. At the same time, BTC incremental funds began to slow down, while ETH funds continued to maintain net inflows, and the focus of funds continued to tilt towards ETH. In the next two days, it is recommended to focus on two locations. Firstly, can ETH stand firm at $1800. ETH has been outperforming BTC for three consecutive days. If it effectively breaks through and stabilizes at $1800, the next target can be focused on at $1900; If it falls below $1720, the short-term strong structure may be disrupted. Secondly, can BTC hold on to $62000. BTC has closed positive for three consecutive days. If it stabilizes after hitting $62400-62800, there is still a chance to continue challenging $64500; If you lose $62000, you need to be alert to short-term adjustment risks. On the news front, the recent temporary easing of the US Iran situation and the continued impact of US employment data on interest rate cuts are expected. At the same time, Ethereum has announced its technological upgrade roadmap for the next few years, providing new long-term narrative support for ETH. But as geopolitical events and Federal Reserve policy expectations remain uncertain, market volatility may continue to amplify. Summary in one sentence: ETH remains a relatively more noteworthy trading direction for the next two days, with a breakthrough of $1800 to continue tracking; BTC is more suitable to wait for confirmation of the retracement before considering participation, do not chase high. Risk Warning: The above content is only for market information sharing and data analysis, and does not constitute any investment advice.