【Yi Li Hua: ETH fundamentals remain optimistic, current fluctuations are within normal range】Golden Finance reported that Yi Li Hua, founder of Liquid Capital (formerly LD Capital), stated on the X platform that ETH fundamentals remain optimistic. However, since the significant drop on 1011, market liquidity has greatly decreased, with the futures market dominating rather than the spot market. Current fluctuations are within normal range, especially with the 4-year cycle resonance and the approach of Christmas. However, for spot investments, it is not always necessary to buy at the lowest price, as it may be the most suitable investment price range. From a medium to long-term investment perspective, especially in the new era of on-chain finance, ETH is the core investment asset, with WLFI and others as core allocation investments. Our investment and data logic have not changed from previous research reports.