Odaily Planet Daily News: Trader Eugene stated in an article that he has basically closed his ETH long position previously built at $2500, and the current price level of $3800 is the best performance expected within two weeks.
He stated that the current market has rapidly shifted from "insufficient holdings" to "overcrowding", with institutional buying increasing significantly in recent days, and the ETH/BTC exchange rate has also reached its mid cycle target level of 0.03. He claimed that he is not good at continuing to chase the rise during the breakthrough stage, so he chose to take profits and leave, and expects that there may be a liquidation correction in the short term, providing an opportunity for the next round of entry. Eugene emphasized that this is a personal opinion and does not constitute investment advice.
