Trader Predicts Ethereum Breakthrough Amid Market Shifts
According to BlockBeats, trader Eugene has shared his trading records and market insights, anticipating a significant breakthrough this week with Ethereum (ETH) as his chosen asset. Despite previously vowing to avoid ETH after late 2024 and early 2025, Eugene now acknowledges substantial changes in ETH's market positioning and favorable conditions.Following the 'nuclear explosion' in April 2025, ETH's holdings significantly lightened as traders and major investors capitulated, causing ETH to plummet from $4,000 to $1,300, with ETHBTC hitting a multi-year low of 0.018. Since then, ETH's trading patterns have diverged from the past two years. Eugene notes that few traders, aside from developers, consider ETH a core investment, indicating a lighter market positioning for ETH over the past three years.Eugene highlights ETH's potential as a foundational asset for mainstream institutions and traditional finance, particularly as a stablecoin investment. Initially skeptical, he now sees the U.S.'s regulatory developments as a catalyst for institutional interest beyond Bitcoin (BTC). With over 90% of stablecoins hosted on ETH and its likely continued role as the main chain for total value locked (TVL), ETH is poised to benefit from the upcoming stablecoin surge. Eugene acknowledges the influence of figures like Tom Lee, who has successfully convinced traditional financial institutions of ETH's viability, driven by the high demand for crypto equity and the U.S. stablecoin legislation.Eugene also points out ETH's need to catch up with BTC in terms of price. While this alone may not be significant, the momentum could easily be hyped. Traditional finance's tendency to follow trends suggests that promoting ETH as an early investment opportunity is not unfounded. Pushing ETH back to its historical high, an 85% increase, would only bring ETHBTC to 0.044, comparable to September 2024 levels. Even if ETHBTC doesn't break through, Eugene believes that if BTC surpasses $110,000, it could signal a bull market return, during which ETH rarely underperforms. ETH's weakness typically occurs when BTC stagnates or declines.Eugene remains convinced of ETH's investment value from a medium to long-term perspective and has adjusted his portfolio accordingly.