JackYi, Founder of LD Capital: Four Major Reasons for Strongly Bullish at ETH $1,700

According to TechFlow by ShenChao, on May 9, Jack Yi, founder of LD Capital, expressed a bullish outlook on ETH. During this period, $ETH rose from $1,700 to $2,200. His analysis was mainly based on the following factors: first, the foundational position of the Ethereum ecosystem and its Layer 1 development strategy; second, the price correction magnitude relative to previous highs; third, the existence of large-scale short positions in the current market; and fourth, the market influence of its ETF products as one of the mainstream crypto assets.