Trader Eugene: Expecting a breakthrough this week, optimistic about ETH.

BlockBeats news, on July 7, trader Eugene published his trading records and market views as follows: “I expect a breakthrough this week - after careful consideration, the asset I choose is ETH. I swore not to touch it again after late 2024 and early 2025, but now I realize that the market positioning and tailwind factors of ETH have changed significantly. These changes can be summarized as follows: 1. A significant reduction in holdings after the ‘nuclear explosion’ in April 2025 - the comprehensive capitulation of traders and old whales caused ETH to fall from $4000 to $1300, and ETHBTC also hit a multi-year low of 0.018. Since then, ETH’s trading pattern has been completely different from the past two years. I rarely see anyone besides developers treating $ETH as a core investment target; most traders I interact with refuse to touch it. This means that from a long-term structural perspective, the market positioning of $ETH has never been this light in the past three years. 2. ETH will become the infrastructure/stablecoin investment target for mainstream institutions and traditional finance - many people have been promoting this recently, and my initial reaction was ‘Oh, come on, buddy’ (I believe many of you reading this had a similar reaction). However, if you objectively consider the recent regulatory developments actively promoted by the US, institutions will eventually want more than just BTC. Nowadays, over 90% of stablecoins are hosted on ETH, and it is very likely to continue being the mainchain that secures this total lock-up volume (TVL). Anyone can see the upcoming stablecoin boom, and from a business perspective, it makes no sense to deviate from ETH given the higher risks involved with using other layer 1 networks (L1). Now, with Tom Lee, who has been obsessively mimicking Michael Saylor (CEO of MicroStrategy), he has also successfully convinced traditional financial institutions that ETH is a worthy project to support. I was initially very skeptical of this view, but given the huge demand from traditional financial institutions for crypto equity and the stablecoin bill passed in the US, I have gradually come to accept this perspective. 3. ETH needs to catch up with BTC in price - by itself, this point is not very meaningful, but if momentum starts to form, it can easily be hyped up. Traditional finance is often quite ‘foolish’, which means that promoting the idea of ‘you can still catch up by buying ETH’ is not completely unreasonable, as it is important to know who the marginal buyers are. Pushing ETH back to its historical high (about an 85% rise) would only bring ETHBTC back to 0.044, which is roughly the level of September 2024. Even if ETHBTC does not break out and I am completely wrong, as long as BTC breaks through $110,000, it is likely to mean the return of the bull run, and ETH rarely performs poorly during these periods. ETH’s weakness usually occurs when BTC begins to stagnate or starts to fall. I have seriously thought about this issue, and I still firmly believe that from a mid-to-long-term structural perspective, the investment value of ETH is clear, and I have adjusted my portfolio accordingly.”