#以太坊持仓与走势 Seeing Ethereum's nearly 40% decline in this wave of correction, many friends have asked me how to respond. To be honest, the issues reflected by this market volatility are more worth pondering than a simple price drop.

From the data, since the beginning of the year, the total market capitalization of crypto assets has evaporated by about $1 trillion, and the previously achieved all-time high has been completely wiped out. This reminds me of a common phenomenon—many people tend to ignore risks during good market conditions, concentrating most of their funds in a single asset, especially under certain expectations like the "Trump rally." But what the market ultimately teaches us is that any expectation can be overturned by more powerful factors, such as tariff shocks and macro tightening.

This is also why I have always emphasized the importance of position management. No matter how optimistic you are about Ethereum's long-term prospects, if you bet all your chips on short-term market judgments, even if the direction is correct, the fluctuations along the way can be enough to destroy your mindset. Looking at a slightly longer timeline, the continuous influx of institutional funds and the gradual acceptance by the financial system are ongoing, but this process takes time and requires us to keep sufficient psychological and financial space to cope.

Rather than obsessing over the current price, ask yourself: what proportion of your assets are in Ethereum? If the price drops another 50%, can you hold it calmly? These answers are often more important than predicting the next move.