Trader Eugene: Betting on a market breakthrough this week, has resumed long positions on ETH, which is the clearest bet currently.

Odaily Planet Daily News: Trader Eugene stated in his community, "I bet that the market will see a breakthrough this week, and after careful consideration, I have chosen ETH as my main target. Although I swore off it at the end of 2024 and the beginning of 2025, I now realize that the holding structure and market tailwinds for ETH have significantly changed. The main logic is summarized as follows: 1. Structural holdings are extremely light: In April 2025, ETH suffered a heavy market blow, dropping from $4000 to $1300, and the ETH/BTC exchange rate also hit a multi-year low of 0.018. This plunge was accompanied by a comprehensive capitulation sell-off from traders and early whales. Since then, the way ETH is traded has been distinctly different from the past two years. Nowadays, apart from developers, almost no one considers ETH as a core holding, and most traders even refuse to touch it. Therefore, from a high time frame (HTF) structural perspective, the current lightness of ETH holdings is nearly the lowest in three years. 2. ETH will become the stablecoin and infrastructure main chain that institutions and traditional finance bet on: Although this claim has been frequently mentioned recently, I initially held a skeptical attitude. However, if we objectively look at the recent regulatory progress actively promoted by the U.S., it is not hard to speculate that institutions will eventually seek new allocation directions outside of BTC. Currently, ETH hosts over 90% of stablecoins, and this dominant position is likely to continue. Considering the higher risks faced by other L1s, there is almost no commercial reason to switch tracks. Additionally, representatives from traditional finance, such as Tom Lee, have started to express recognition for ETH, coupled with the U.S. stablecoin bill being passed, ETH is gradually gaining institutional support from a "legitimate and compliant" perspective. 3. There is a lot of room for ETH price increase: Although this point itself may not be decisive, once the market gains momentum, the "lag" of ETH price compared to BTC can easily become a narrative. Buyers from traditional finance are often "information-lagged", meaning that the narrative of "now is not too late to buy ETH" may become popular. If ETH returns to its historical peak (requiring an increase of about 85%), the ETH/BTC ratio would only return to the level of 0.044 in September 2024. Even if ETH/BTC does not rise, as long as BTC breaks through $110,000, the bull market is likely to restart, and during such times, ETH usually does not lag behind. ETH typically shows weakness during periods when BTC is consolidating or declining. After thorough consideration, I firmly believe that from a mid-term structural perspective, ETH is a clear bet, and positions have been built accordingly."