1. Ethereum Ecosystem: Infrastructure and DeFi as Core

After Ethereum broke $4200 to reach a historical high, funds have continuously rotated towards highly correlated tokens within the ecosystem, focusing on the following directions:

Staking/Re-Staking Protocols

LDO, ETHFI, EIGEN: Catalyzed by expectations of the ETH staking ETF (SEC approval possibly in August), institutional funds have been continuously flowing in. ETHFI's weekly trading volume increased by 15%, and EIGEN's staking APY reached 12.5%, breaking through weekly resistance on the technical front.

SSV: Decentralized validator infrastructure, TVL increased by 30% in the month after the mainnet upgrade; can accumulate positions if it retraces to $45.

DeFi Leaders and Stablecoin Narrative

ENA: Synthetic dollar protocol, strongly linked with ETH, with institutional holdings accounting for over 40%. If it breaks 1.2 (currently 0.98), the target is $1.5.

PENDLE: Yield tokenization protocol, with TVL surpassing 1 billion; after integrating ETH's re-staking yields, the coin price has increased by 357.8% this month, with significant support levels to enter.

UNI, AAVE: Established DeFi liquidity recovery, the launch of UNI V4 on Solana is expected to drive valuation recovery.

Layer 2 Recovery Targets

OP, ARB: Although facing unlocking sell pressure (OP unlocking 310 million tokens in August), the expansion of the ETH ecosystem will surely benefit. If OP stabilizes above 0.90, it is likely to test 1.0; expectations for ARB ecosystem airdrops are rising.

STRK: Leader in ZK technology stack, the Cairo language upgrade enhances developer experience, with a 200% monthly increase in on-chain active addresses $BTC $ETH #以太坊生态回暖 #BTC重返12万 .