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Trader Eugene: Closed ETH Long Position to Take Profit
Summary: According to reports, trader Eugene Ng Ah Sio announced in his personal channel that he has closed his long position on ETH to take profit. On August 2nd, Eugene stated that he has once again gone long on ETH. Despite the premature bullish sentiment in August, he believes that BTC at $113,000 and ETH at ...
According to reports, trader Eugene Ng Ah Sio announced in his personal channel that he has closed his long position on ETH to take profit. On August 2nd, Eugene stated that he has once again gone long on ETH. Despite the premature bullish sentiment in August, he believes that BTC at $113,000 and ETH at $3,500 are still reasonable entry points, with stop losses set at $112,000 and below $3,400. While the hype around Data Availability Technology (DAT) may be fading, there is still substantial structural buying interest in the current market, so it is not advisable to switch to a bearish outlook too quickly.
