Why did ETH stop moving after the violent rise⁉️Will it fall later⁉️23 billion US dollars short position make a big profit or wait for liquidation⁉️

Yesterday's rise of Ethereum was mainly due to the market factor. The market data showed that Ethereum would start a wave of rise from 3388. This figure has explained it to everyone‼ ️📈See Figure 1 below

The second factor was the news released in the early morning yesterday. The US SEC announced that Ethereum is not a security, which also officially paved all the obstacles for the Ethereum ETF. The market was originally going to rise📈After the announcement of this news, the market rose again, which caused the long position floating profit of 200 points overnight‼ ️

No matter how powerful Ethereum is in the future, it depends on the trend of Bitcoin. Bitcoin fell below the key support level of 65,200 and started a big correction. Therefore, after the sharp rise of Ethereum last night, it is very weak today along with Bitcoin📉

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