#以太坊行情解读 Big Shot Position Adjustment Signal Release: ETH vs DeFi, the Market is Dividing

Recently, a key piece of information worth noting—renowned trader Arthur Hayes has recently adjusted his positions, shifting from Ethereum to high-quality DeFi projects. In plain language: in the upcoming market wave, small-cap quality DeFi projects may outperform ETH.

Does this mean ETH is about to cool off? Not exactly. A more accurate way to put it is: the market is entering a differentiation phase, and the phase of copying others is over.

ETH’s large market cap is both an advantage and a disadvantage. Deep liquidity but limited explosive potential—this is the fate of large-cap coins. In contrast, high-quality DeFi projects, with smaller size and greater flexibility, often see astonishing gains in a bull market. Hayes’ move is essentially seeking higher return elasticity.

How to view ETH’s technicals? Currently, it’s oscillating at high levels, with 3120 as recent resistance. Holding this level is necessary to continue upward; if it breaks down, 2970 is the first support, with 2860 and 2720 as additional lines of defense below. When large funds move, retail investor sentiment can easily follow and collapse, but don’t panic and sell in fear.

Here are some tips for friends wanting to follow this market trend:

**First, don’t rush to sell ETH if you hold it.** Ethereum remains a fundamental part of the ecosystem; it’s unlikely to be absent in a bull market. Keep your core positions steady; volatility is normal.

**Second, be discerning when chasing DeFi.** Hayes is talking about projects with real business and sufficient liquidity, not just randomly buying meme coins. When choosing projects, put in the effort and don’t be fooled by marketing stories.

**Third, maintain a balanced allocation.** Don’t go all-in on any one direction. Keep a solid ETH core position, and use spare funds to seize DeFi’s elasticity opportunities. This way, you can participate in the market and control risks.

Hayes’ large fund rebalancing is often just the beginning. Which DeFi projects will be propelled next? Keep paying attention to market dynamics. Lastly, remember: others’ news is just for reference; your own funds are what matter most. Understand the logic before acting, so you won’t get caught off guard.