Now, half the people across the whole internet are shouting “the bulls are back,” and the other half are making plans to short in advance—but honestly—most people don’t even know what they’re betting on.

That one surge yesterday lifted how many shorts directly out of the market? Liquidations and stop-losses—everything became fuel. You think that was an uptrend? No, that’s just the market “feeding.”

The real question is—after it’s done eating the shorts, who will it eat next?
Ethereum’s technical pattern has already achieved a breakout, with the upside target looking toward $2,900.
Big-picture analysis

To touch $2,900, you have to hold steady at key price levels, have volume keep up, and keep the broader market from collapsing; otherwise, it’s just going to be a range-bound move. ETH has indeed broken out of the prior consolidation range—technically, it’s more bullish, so calling for $2,900 is a reasonable target based on the technical setup. But this isn’t an extremely strong breakout; there’s still resistance overhead, and a pullback is also possible in the short term.