#以太坊价格走势# Analyzed the hedging strategy data of 0xSun, and the results are quite interesting. The combination of going long on ETH and shorting alts currently yields an overall profit margin of about 16%. Although this is lower than the 26% rise of ETH alone, the risk-reward ratio is more favorable. Especially when ETH pulled back to $3360, this strategy was still able to maintain profitability, showing strong downside protection.

From the perspective of capital flow, institutional funds seem to prefer ETH, which supports the relative strength of ETH. Unless there is a clear "altcoin season", this hedging approach remains effective in the near term. However, it is important to note that if ETH experiences significant volatility or leads the decline, while alts perform steadily instead, it may affect the effectiveness of the strategy.

Overall, this hedging strategy is a good choice in the current market environment, as it allows for sharing in the ETH rise dividends while reducing unilateral risk. It is recommended to continuously track the relative strength of ETH against mainstream alts and adjust the strategy allocation in a timely manner.