ETH upgrade on May 7th, 2023, ETH-related altcoins are expected to be speculated in the short term. If you want to make short-term trades, you can consider laying low on ETH-related altcoins, but I advise everyone to only engage in short-term trading and not long-term. Take profit and run.

Coins in the Ethereum ecosystem, such as ARB, OP, ZK, and STRK are unlocked over several years. With the bull market coming, institutions cannot sell their coins, making it difficult to drive up prices due to insufficient benefits. Other coins in the Ethereum L2 ecosystem such as RDNT, GMX, and staking sector coins like SSV and ETHFI are all part of the Ethereum family, and I do not recommend long-term participation. If even the father, ARB, and OP are struggling, and the grandfather, ETH, is weak, how can you expect the grandson to have a bright future? Does this mean there won't be any price increases?

Of course, there will be price increases. For example, if other altcoins surge by ten times, Ethereum-related altcoins might only increase by 1 to 2 times. Therefore, I only engage in short-term trades, not long-term ones. The advantage of valuable coins is their high liquidity; liquidity is a very good reference factor.

Now looking at the altcoins that surge significantly, they are either fully circulating or have a circulation rate of over 70%. Institutional investors hold large amounts, and they can profit from driving up prices. With the bull market coming, they will have the motivation to push prices higher.