Yi Lihua: I am firmly bullish on the fundamentals of ETH; the current fluctuations are within the normal range.

Yi Lihua, founder of Liquid Capital (formerly LD Capital), stated in an article on the X platform that he remains firmly bullish on ETH's fundamentals. However, since the massive crash of October 11th, market liquidity has significantly decreased, with the futures market dominating rather than the spot market. Current fluctuations are within the normal range, especially given the 4-year cycle convergence and the approaching Christmas season. However, for spot investors, buying at the absolute lowest price may not necessarily mean buying at the most suitable investment price range. From a medium- to long-term investment perspective, especially in the new era of on-chain finance, ETH remains the core investment asset, with WLFI and other cryptocurrencies as core allocations. Our investment and data logic remain unchanged from previous research reports.