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Eugene: Closed Most ETH Long Positions, ETH Reaches Expected Target of $3800 in Two Weeks
Summary: In a recent post, trader Eugene announced that he has closed most of his long positions in ETH, which were opened at $2500, as the current price of $3800 has reached the best performance expected within two weeks. He noted that the market has quickly shifted from 'under-positioned' to 'overcrowded,' with institutional buying increasing significantly ...
In a recent post, trader Eugene announced that he has closed most of his long positions in ETH, which were opened at $2500, as the current price of $3800 has reached the best performance expected within two weeks. He noted that the market has quickly shifted from 'under-positioned' to 'overcrowded,' with institutional buying increasing significantly in recent days. The ETH/BTC exchange rate has also reached its mid-term target of 0.03. Eugene mentioned that he is not good at chasing breakouts, so he chose to take profits and exit, expecting a short-term liquidation pullback to provide an opportunity for the next entry. He emphasized that these are personal opinions and do not constitute investment advice.
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Link: Eugene: Closed Most ETH Long Positions, ETH Reaches Expected Target of $3800 in Two Weeks [Copy]
