And then there's the two main DEX on ETH, the $UNI and $SUSHI . We all remember that back in April, both crashed because UNI got served with a letter from SEC, and that is when both went down 50% in 3 days. NOW, we know for a fact that SEC will NOT investigate ETH 2.0 and accuse ETH as a "security". So the reason for attacking UNI and SUSHI in the first place are now removed in my opinion. Becuse most other coins are launched in the same way as ETH, and if ETH is not a security, then it's hard to argue the others are security. So if ETH ecosystem heats up, I can see market sentiment changing on UNI and SUSHI. UNI is already kind of large, so picking up UNI below 9.00 could be a good play, and SUSHI at 0.75-80 area is good support. Of course, the alts are in a bearish mood, so prices can go lower. But I am upbeat on the ETH ecosystem, and these are the plays I thin could work.
If we have to pick a L2 on ETH, then I can't look past Base for obvious reasons I explained a number of times before. AERO is the dominant DEX on Base, at 0.62 area is good support, it can probably get there for a decent entry. NFA DYOR.