#数字资产市场洞察 As Ethereum undergoes adjustments, can the DeFi sector continue to rally?

The market indicator has new developments. Well-known trader Arthur Hayes recently quietly adjusted his holdings—shifting from Ethereum to high-quality DeFi projects. This move has sparked a lot of speculation in the community.

His reasoning is quite straightforward: Ethereum's size is fixed, and while it is a market benchmark, its explosive growth potential is limited. In contrast, DeFi tokens with solid fundamentals are more flexible, especially with the expectation of improved fiat liquidity, and their potential for gains should not be underestimated. Simply put, this is not bearish on ETH but rather seeking more efficient profit opportunities.

This serves as a warning to retail investors: blindly holding coins is outdated. The current market has entered a period of differentiation, and selecting the right tokens is more important than ever.

From a technical perspective, ETH is oscillating at a critical level. 3120 is the resistance above; only if it stabilizes there can there be hope for a rally. 2970 is the critical support; if it breaks, the subsequent decline could become unstoppable, with supports at 2860, 2720, and others appearing one after another. Large investors adjusting their positions may cause some market volatility, but retail investors should focus on maintaining their composure.

So, how to operate specifically? For those holding ETH, don’t rush to sell off—hold firmly. The main trend is still bullish—Ethereum, as a foundational asset, will not be absent in a bull cycle. For those wanting to participate in DeFi, keep your eyes open. Stay away from aircoins with no real application, and focus on projects with business support and sufficient liquidity. The safest approach is not to put all your eggs in one basket; on top of holding ETH, use small amounts to gradually test DeFi opportunities.

Hayes’ move might just be the beginning, and more funds could follow. Which DeFi projects truly have potential, and when to accelerate deployment—these require ongoing observation of market reactions.

Remember one thing: others’ information is always just a reference. Real money comes from your own pocket. Understand the logic thoroughly before acting. Don’t act impulsively or panic—this is how you survive longer.