Ethereum Correction Ahead: A Strategy of Holding ETH and Shorting Altcoins

When analyzing relative strength, it becomes clear that if $ETH experiences a correction, other altcoins will significantly underperform. Ultimately, going long implies focusing on ETH or BTC. Considering the perception of ETH when it was at $4,000 and the current perception, $4,000 still seems undervalued. Back then, it was during the release of the ETH ETF, and now, with both ETH ETF inflow and institutional investments, the valuation appears to be more justified. Therefore, a combination of long positions in BTC and ETH with shorts on altcoins is one of the best strategies in the crypto market. Historically, leaders on exchange leaderboards over the past cycle were all heavily long on BTC and short on altcoins. Looking back, it was a remarkable market approach that involved earning from both bullish BTC positions and shorting altcoins. The key is whether there are buyers willing to purchase later at higher prices, making the hands holding these positions 'diamond hands'. This situation is heavily influenced by the fact that the main concerns about ETH and BTC are already resolved, which sets them apart from other assets. The conclusion is that a correction appears likely. If the fear of decline is strong, the best approach isn't to sell ETH but to hold it while shorting other altcoins, capitalizing on ETH's resilient position. This balanced position leverages ETH's strength and minimizes risk across the altcoin market.