According to BlockBeats, trader Eugene recently discussed his approach to determining the composition of his Ethereum (ETH) positions. He reviewed a list of altcoins historically showing positive correlation with ETH, such as PEPE, LDO, OP, and ARB.
Eugene believes that a significant portion of new buying interest will come from traditional finance sources rather than insiders. Currently, inflows into ETH exchange-traded funds (ETFs) have reached record levels, while the ETH-correlated altcoins have not seen similar growth. Consequently, Eugene has decided not to engage with these altcoins for the time being.