ETH has reached the weekly support range, consider gradually allocating in the 4200-4000 range. Large funds should prioritize ETH and SOL for bottom fishing. Institutions have been aggressively bottom fishing ETH these past few days (with a value exceeding 200 million USD), and SOL's recent performance has clearly outpaced ETH (due to ETF expectations and demand for catch-up). In recent waves, SOL has not shown the desired independent trend, and market makers expect to continue speculating on SOL. This rebound should be able to keep up with ETH's increase. This week's news includes the Federal Reserve's monetary policy meeting minutes, which will not affect next month's interest rate cut expectations. This pullback has washed out most long positions, and now we should operate with reference to the strong support at 4000-4200!
For altcoins, we can focus on LDO, UNI, AAVE, and LINK for gradual bottom fishing as discussed yesterday. For the SOL ecosystem, pay attention to PUMP (recently frequent token issuance from protocols, with market share continuously increasing, driving on-chain capital into PUMP and increasing expectations for token buybacks). RAY has strong whale control; every time the SOL ecosystem rises, RAY can lead the market in gains.
