LD Capital Founder: Four Reasons for Firmly Bullish at ETH 1700

ChainCatcher news, LD Capital founder JackYi is bullish on ETH, during which ETH rose from $1700 to $2200. The analysis is mainly based on the following factors:

• First, the foundational position of the Ethereum ecosystem and its L1 development strategy;
• Second, the price adjustment compared to previous highs;
• Third, the current large-scale short positions in the market;
• Fourth, as one of the mainstream crypto assets, its ETF products' market influence.