Following the analysis of well-known trader Eugene Ng Ah Sio, Ethereum trading activity has garnered attention. Ng disclosed a strategic long position on Ethereum in his latest update on his personal channel, emphasizing a carefully set stop-loss at $2380. This level corresponds to the low point of the morning and aligns with the retest of the mid-range bottom, highlighting a robust technical framework. Market participants should note that this precise risk management reflects a rigorous approach to navigating the volatility of the crypto market. Ng's analysis underscores the importance of technical indicators in formulating trading strategies, particularly in the Ethereum market. Investors are advised to closely monitor these key support levels, as they may influence short-term to mid-term price movements. This development reinforces Ethereum's continued relevance in the digital asset space, with its technical structure providing actionable insights for informed decision-making.
