Ethereum has recently shown an independent upward trend, but altcoins have not followed suit. There is a clear logic of key points behind this phenomenon. The two key positions of 3000 points and 4100 points mentioned in the previous analysis are still of reference value. The newly added 3500 points will become an important node for observing the trend of altcoins in the short term. Only when Ethereum stands at 3500 points, altcoins may show signs of following the rise; and 4100 points are regarded as a key position that may trigger a larger range of linkage between altcoins. Therefore, it is recommended to temporarily retain the altcoins held in the early stage. If some of the holdings have been reduced, it is necessary to keep enough bottom positions and wait for opportunities.

From the perspective of capital data, market trends are worth paying attention to:

Yesterday, the overall inflow of ETF funds exceeded US$700 million, and BlackRock alone contributed US$500 million, and its purchase volume even exceeded that of Bitcoin-related products.

Listed companies related to the Ethereum ecosystem are active, such as Sbet, BMNR and other Ethereum treasury entities. Among them, the $413 million raised by sbet last week is expected to be invested in the market. Its stock price soared by more than 30% last night, and the increase was at a premium to Ethereum, reflecting the active layout of stock market funds for the Ethereum ecosystem. Sbet is also regarded as the "micro strategy" of Ethereum.

For the future opportunities of altcoins, we can focus on the two major directions of "listed companies' participation" and "ETF logic extension":

Bitcoin has strengthened due to the purchase of institutions and listed companies, and this logic is extending to Ethereum. The second half of the year's opportunities for altcoins will most likely be related to the depth of participation of listed companies.

The common advantage of Bitcoin and Ethereum is that both are supported by ETFs, and the current altcoins generally lack the money-making effect, which means that market participants are on the same starting line and have not yet seen obvious empty positions.

It is recommended to focus on the "altcoin sector that has applied for ETFs", which can be arranged by buying in batches or by fixed investment. Judging from the performance of Ethereum, the financial power of listed companies is reshaping the market structure, and this "US stock" trend may become the core driving force for the subsequent market of altcoins. A list of such altcoins will be compiled later as the main sector direction. #以太坊连续两日领涨