Trader Eugene: ETH Long Position Take Profit Reached

BlockBeats News, August 5th, trader Eugene Ng Ah Sio posted in his personal channel that he has taken profit from his ETH long position.

Earlier, on August 2nd, Eugene posted that he "has once again gone long on ETH. The bullish sentiment in August was prematurely hyped by the market, but $113,000 BTC and $3,500 ETH are still reasonable entry positions. Stop-loss is set below $112,000 and $3,400. Although the hype around Data Availability Technology (DAT) may gradually fade, there is still substantial structural buying in the current market, so it is not advisable to quickly switch to a bearish view."