BlockBeats News, May 9th, LD Capital founder JackYi elaborated on the reasons for his strong bullish view on ETH at $1700, mainly based on the following factors:
The foundational position of the Ethereum ecosystem and its L1 development strategy;
The price correction from the previous all-time high;
The significant scale of short positions in the current market;
Its market influence as one of the mainstream crypto assets through ETF products.
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