Take a look at the latest data comparing ETH and SOL.

In terms of sentiment, SOL has already bottomed out, while ETH has not.

Gamma ex shows that around 2200, ETH is still experiencing significant negative gamma energy growth, indicating that volatility around this price level will continue to increase.

Meanwhile, SOL's 120 position has a positive gamma support area, and the negative gamma area is spread out between 140 and 150, indicating that traders are likely holding put positions.

The changes in open interest (OI) over the past 24 hours largely support the above speculation.

From a strategy perspective, ETH is suitable for continuing to implement a long volatility strategy, pursuing gains from gamma and vega. You can buy both or purchase an iron condor. Once profits exceed a certain threshold, it's best to take the gains and not hold too long.

If you are selling, using a calendar strategy is the safest approach to withstand RV volatility. You can sell deep out-of-the-money options that expire weekly and buy deep out-of-the-money options that expire further out, adding DDH to prevent black swans.

For SOL, you can try selling puts to bet on a rebound and reduce volatility.

The premise for profit is to control risks, survival first. Wishing everyone prosperity.