Ethereum and SOL.

I also have a layout in Ethereum, but it was relatively late, not much. I sold part of it before the ETF was passed, and the other half was also trapped. During this stage, I can pay more attention to why it is weak. I think there are three main reasons:

1. The competitor SOL is too strong. It is not that the SOL chain itself is strong, but that the dealer behind SOL is more powerful. SOL focuses on being close to the people in this round, and mainly relies on local dogs to support the activity on the chain. In fact, it is not high-end or popular, but it relies on pulling the market to attract users. 2. ETH's last bull market surged, relying on decentralized finance (DEFI, pledge pressure, lending), on-chain leverage. But this round was caused by regulation, and it was cut off to survive. While the high leverage on the chain generates benefits, it also brings huge bubbles, and it is difficult to save it by cutting off its arms to survive. Most importantly, ETH relied on continuous innovation before, and this round, except for the conversion to POS, innovation is gone.

3. After the ETF is passed, Grayscale has potential sell-offs. If I were a dealer, I would not pull the market at this stage. In the long run, choosing ETH may not necessarily be bad. But in the short term, I will not arrange it in the early stage of ETF selling coins through Grayscale, because I know it is difficult to pull it up in the short term.

During the plunge, the overall decline of Ethereum and SOL was actually similar, but before that, SOL rose more and Ethereum almost did not rise.

During the decline, Ethereum's short-term rebound was weak, while SOL rebounded strongly.

Therefore, when it fell for the second time on the evening of the 5th, the SOL sector was chosen for bottom-fishing. So how to choose for the long term. The safest way is to choose the strong during the plunge. After the strong period of SOL and the turnover period of ETF, you can switch to half position.