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#SEC proposed the "Crypto Asset Regulation" draft, CLARITY Act to be reviewed in September $ETH ETH is really not pretending anymore this time! Absolutely do not short! The price surged from around 1905 to 2000, nearly a 100-point increase in a short time. Earlier, there was discussion about whether it could break 1950, but ETH directly touched 2000. Why did this round suddenly rise so violently? First, BTC's rebound drove overall market sentiment. After BTC strengthened again, risk appetite returned, and ETH, as the largest high-elasticity asset by market cap, naturally became the main direction for capital inflow. But this time ETH did not simply follow BTC's rise. ETH/BTC also strengthened simultaneously, indicating that market funds are gradually shifting from "only buying BTC" to ETH, showing a clear relative strength for ETH this round. Second, spot funds are also continuously supporting. The US spot ETH ETFs recently reported net inflows of about $30.9 million and $71.4 million on two announced trading days, with BlackRock's ETHA seeing a single-day inflow of about $64.7 million. This shows the rise is not purely driven by the futures market itself; there is real buying on the spot side, providing ETH with a more stable bottom support. Third, the chain reaction brought by technical breakthroughs. ETH had been consolidating repeatedly around 1900, with a large accumulation of short positions above 1920 and 1950. Once the price consecutively breaks these resistance levels, short stop-losses, breakout chasing, and quant buying trigger simultaneously, causing a very obvious acceleration. ✔ 1900–1905 support confirmed effective ✔ 1920 resistance quickly reclaimed ✔ No obvious pause after breaking 1950 ✔ Volume increased simultaneously ✔ Short covering further amplified the speed of the rise So this surge is not due to a sudden super positive news, but the simultaneous occurrence of BTC rebound, ETF capital inflow, technical structure breakthrough, and short covering, which ultimately pushed ETH directly to 2000. The most important question now is no longer whether ETH can reach 2000, but whether 2000 can truly hold. Touching 2000 and holding 2000 are completely different. If ETH can close steadily above 2000 on the 1-hour or 4-hour chart and retest the 1980–2000 zone without breaking it, then 2000 has the chance to turn from resistance into new support. Afterwards, attention can shift to 2030–2050, and in a strong scenario, even challenge 2080–2100. But if the price only quickly spikes around 2000 and then falls back below 1980, be cautious of a high spike followed by a pullback after a concentrated short squeeze. Then first watch if 1950 can hold; if 1950 breaks, it may retest 1920 again. A truly strong market is not about how fast a single candle rises, but whether it can consolidate after the rise. I remain bullish, but at this position, it is no longer suitable to blindly chase big green candles. The healthiest move is to break 2000, then retest to shake out the chasing longs, and then continue upward. Before, 2000 was pressing down ETH; now it depends on whether ETH can step on 2000 and hold it underfoot!