#美国就业数据表现强劲超出预期 The market shows clear signs of divergence, with funds quietly shifting

Recently, there's an interesting phenomenon in the crypto market: some leading players are starting to move from mainstream coins toward high-potential sectors. Rumor has it that Arthur Hayes recently completed a significant position adjustment—exchanging some ETH for carefully selected DeFi tokens.

His logic is quite straightforward: currently, fiat liquidity is improving, which means the funding environment will gradually loosen, and market trends may shift from a single hotspot to multiple blooming points. Although ETH is a major blue-chip, its size is fixed, and growth potential is naturally limited; in contrast, some solid fundamental, highly liquid DeFi projects might rebound more vigorously.

This is not a bearish view on ETH, but rather a search for assets with higher growth dimensions—simply put, "looking for incremental gains" rather than "running away."

ETH is now at a critical watershed: the resistance level is at 3120. If it can hold above this, the probability of further upward movement is relatively high; but if it falls below 2970, market sentiment may weaken significantly, with support lines at 2860 and 2720.

What does this mean for retail investors? Very simple—the era of blindly holding coins is truly over.

The core logic of recommended actions is as follows:

**First, don’t blindly sell ETH.** As the foundation of the entire ecosystem, ETH is unavoidable in a bull market cycle. Large positions should be held firmly. But at the same time, it’s important to recognize a reality: the yield of a single coin has an upper limit.

**Second, choosing the right DeFi projects is crucial.** Don’t buy everything; look for projects with genuine user bases and sufficient trading depth. Some small tokens with poor liquidity carry high risks and are easy to get trapped in.

**Finally, use a portfolio strategy to hedge risks.** Consider keeping ETH as a core holding (for stability), while allocating a small portion of funds to try out some high-quality DeFi swing opportunities in batches. This way, you avoid putting all your eggs in one basket and also create opportunities to participate in incremental gains.

Which DeFi projects will truly be driven by capital in the future? When will market sentiment fully shift? These require ongoing observation.

A final heartfelt note: market news is everywhere, but real risks and rewards are in your own hands. Understanding the logic before acting is much more reliable than blindly chasing the trend.