As ETH reaches $4200, Ethereum-based altcoins are experiencing a surge, with ENA up 12.46%, EIGEN up 11.88%, OP up 10.4%, PEPE up 11.45%, and data from HTX shows strong momentum.
This wave of increase is fierce, with ETH playing a clear leading role; the signal light for altcoin season is on, as funds shift from BTC to the ETH ecosystem, propelled by both large whale accumulation and rumors of a ceasefire.
Consider the miserable situation of the 'Four War Whales' losing 20.73 million; the shorts have been slaughtered; the ETH/BTC exchange rate has risen over 100%, SOL/ETH has fallen over 50%, and ETH dominance is returning. It is recommended to increase holdings in Ethereum-related assets, be cautious about chasing highs in the short term, but don't miss out on quality projects in a bull market.