Trader Eugene: Ethereum has historically surged past $2,800 and quickly hit $4,000. I will continue to hold a long position

BlockBeats News, July 11th, trader Eugene posted in his personal community, stating, "As long as this time Bitcoin doesn't experience a fake breakout followed by a sharp drop (currently seems unlikely, but cannot be completely ruled out), Ethereum is likely to break through the key $2800 resistance level.

Although I'm not certain about the specific timing (Bitcoin dominance BTC.D may continue to strengthen for a while), I believe the probability of Ethereum breaking through this resistance level has significantly increased today.

In Ethereum's history, it has only broken through the $2800 level three times, and each time, the price quickly surged to around $4000. History does not repeat itself exactly, but often rhymes similarly. I will continue to hold my long position, ready to embrace a crazy journey."