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Trader Eugene: Take profit on ETH long order
On August 5, trader Eugene Ng Ah Sio posted on his personal channel that he has taken profit on his ETH long order. Previously, on August 2, Eugene stated, "I have gone long on ETH again. The bullish sentiment in August has been overhyped by the market too early, but 113,000 USD for BTC and 3,500 USD for ETH are still reasonable positions to build a position, with stop loss set at 112,000 USD and below 3,400 USD. Although the hype around the data availability technology (DAT) may gradually subside, there is still substantial structural buying in the current market, so it is not advisable to turn bearish too quickly."