Take profit? $ETH When it reached $4,200, many friends asked me if I had reduced my position, and I looked at Twitter and many friends took profits, congratulations to the friends who made money. I didn't sell any of them, because for me, there are only three things I believe: 1. Is there a systemic risk or the possibility of a large-scale pullback? At present, it is said that there should be no small partners who will oppose Trump's trade, so what Trump has to do is the approval rate, and the rise in the stock market is also part of improving the approval rate, so Trump often says that many assets have continued to break through new highs since he took office, if there is no systemic risk, then follow the policies of Trump and the United States. Trump said that if he wants to develop AI, then invest in AI, and if he wants to build a cryptocurrency power, then invest in BTC. ETH now looks a lot like BTC in March 2024, structurally and financially, especially since my bet is not on Ethereum itself, but on BlackRock and on-chain brokers. ETH is currently the most Turing-complete and decentralized public chain. 2. If I want to sell, what do I do with the funds I sell? I can't find a better investment product, many friends say that you can wait for the $BTC or $ETH pullback to buy back, that's right, but if I start to enter the short-term trading network, then what kind of price should I buy back, what if this price doesn't reach and continues to rise? Under the premise of no systemic risk, unless I have a better investment target and the money I sell has a clear product that can be invested, then I may indeed consider it, but I clearly feel that the funds are tilting towards BTC and ETH, so why should I sell? 3. Are there any positive expectations in the short, medium and long term? The most likely benefit in the short term is the staking of ETH spot ETFs, which has cleared all obstacles in terms of policy, and the rest is only a matter of time, although the advantages of staking are not very important so far, but this is the first compliant cryptocurrency with annualized returns, which is essentially the same as Bitcoin mining, all to earn APY. Especially for institutions and high-net-worth investors, asset security is more important. Although there are already many applications of RWA and RWAFi, there are still those that can actually change the cryptocurrency landscape, and I believe that with the elimination of the market, more compliant and attractive opportunities will gradually emerge. For a long time, it is an on-chain brokerage, and I believe that these four words run out of half of the market value of Nasdaq. So, I'm still holding it, of course, these are my personal judgments, and my judgment may not be right, but I just believe it, and I didn't worry about ETH when it was more than $800, and now I'm even less worried.