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Trader Eugene: ETH Main Buying Pressure Comes from Traditional Funds, Will Not Buy Ethereum Forks for Now

Summary: Trader Eugene posted that when deciding on the composition of ETH positions, he specifically reviewed a list of beta tokens historically positively correlated with ETH, such as PEPE, LDO, OP, ARB, etc. Eugene believes that a large part of the new buying pressure will not come from insiders, but from traditional funds (TradFi). Currently, the ...

Trader Eugene posted that when deciding on the composition of ETH positions, he specifically reviewed a list of beta tokens historically positively correlated with ETH, such as PEPE, LDO, OP, ARB, etc. Eugene believes that a large part of the new buying pressure will not come from insiders, but from traditional funds (TradFi). Currently, the inflow of ETH ETFs has hit a record high, while those ETH beta tokens have hardly risen in comparison. Therefore, he has decided not to participate in the aforementioned Ethereum forks for the time being.

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Link: Trader Eugene: ETH Main Buying Pressure Comes from Traditional Funds, Will Not Buy Ethereum Forks for Now [Copy]

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