They believe ETH has been nibbling at the 1940 resistance level for many days and has just closed above the 1900 daily, weekly and monthly lines, so it will not continue to explode.
If ETH breaks out completely, it will rise to 2500 in the short term
Once ETH stabilizes around 2500, attention will be refocused on the spot ETF and ETH/ BTC may face new difficulties
But for now, the entire crypto world is under-allocated in ETH due to the ETF narrative, which should explode above 1940
Especially since that huge ETH call option seller is about to get blown away
If ETH breaks out completely, it will rise to 2500 in the short term
Once ETH stabilizes around 2500, attention will be refocused on the spot ETF and ETH/ BTC may face new difficulties
But for now, the entire crypto world is under-allocated in ETH due to the ETF narrative, which should explode above 1940
Especially since that huge ETH call option seller is about to get blown away