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Trader Eugene: Looking Forward to Ethereum Reaching $3,800-$4,000 Again

By: theblockbeats.news|2025/08/04 02:42:28

BlockBeats News, August 4th, Trader Eugene Ng Ah Sio posted on his personal channel stating that the market situation has been very torturous these days, but eventually managed to get through it — almost surrendered at the bottom, considering Bitcoin's rebound from $112,000 and deciding to stick to a long position. Now looking forward to Ethereum pushing up again to $3,800-$4,000, seeking opportunities for short-term trades, but unsure how the market will react if it deteriorates again.

The total market capitalization of stablecoins increased by $17.8 billion last week, now standing at $2,674.05 billion.

Ethereum PoS Network Exit Queue Decreases to around 527,000 ETH, Join Queue Increases to around 150,000 ETH