In the recent surge where Ethereum broke $4000, altcoins can be divided into two categories: 1. Some altcoins follow or exceed the rise of ETH, and these assets need to be closely monitored, paying attention to the sustainability of the catalysts, such as $PENDLE, $AERO, and $FXN; 2. Other tokens that do not follow the rise, in the context of slowing stablecoin inflows, it is wise to reduce positions in those assets that lack clear positive logic. However, $ENA is one that can still be held.

Since July 13, the market has basically been driven by the cryptocurrency stock market. In the absence of an increase in stablecoin inflows, it is very normal for altcoins to lag behind Ethereum. At this time, if you want to trade altcoins, focus on areas where market attention is concentrated for the highest risk-reward ratio.