The ETH market is in the Phase 3 (Short-squeeze) of bulls attack

The breakout of ETH market happened as we expected and the ETH price had risen rapidly more than 10% in the past few day.

The order of strong bulls attack (ETH price may up to new high) including 5 Phase. Now we are in the phase 3 (KD 50 -> KD70-80, and KD>70 more than 3 days) that I mentioned in my previous articles.

check the funding rates:
upload.cc/i1/2022/02/08/92TFCn.png

Phase 3 (Short squeeze). KD 50 -> KD70-80, and KD>70 more than 3days:
Market makers carry out the strong short-squeeze ( bullish ), and price rise rapidly. The fuel of short-squeeze decreasing as price rising (see the funding rates).

Wonderful performance may be coming! Good luck!

Ps: If you want to understand the complete process of strong bulls attack (5 steps), please check my previous articles :D.

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Analyst of cryptocurrency Yu-Shiuan Chen