Eugene: Has closed most long positions, ETH has reached the expected target of $3800 within two weeks
Trader Eugene stated that he has basically closed his previous long position in ETH, established at $2500, and the current price level of $3800 has been the best performance expected within two weeks.
He mentioned that the current market has quickly shifted from 'underpositioned' to 'overcrowded', with institutional buying significantly increasing in recent days, and the ETH/BTC exchange rate has also reached its mid-cycle target of 0.03.
He stated that he is not good at chasing prices during breakout phases, so he chose to take profits and exit, anticipating a possible liquidation pullback in the short term, providing an opportunity for the next entry. Eugene emphasized that this is a personal opinion and does not constitute investment advice.
