According to BlockBeats, on March 7, prominent trader Eugene Ng Ah Sio shared insights on Ethereum's market behavior. He noted that he has taken a short position on Ethereum at $2,170, expressing surprise at the market's lack of response to what he described as a 'nuclear drop.' Ng Ah Sio mentioned that while a significant announcement is unlikely later today, he is taking advantage of the current situation.
He further explained that the fundamental outlook suggests Ethereum will eventually fall below $2,000. However, he clarified that his current position is a minor profit-taking move.
