BlockBeats news, August 2, trader Eugene Ng Ah Sio posted on his personal channel that he has gone long on ETH again. The bullish sentiment in August has been prematurely embraced by the market, but $113,000 for BTC and $3,500 for ETH are still reasonable entry points, with stop-loss set at $112,000 and below $3,400.
Although the hype around Data Availability Technology (DAT) may gradually fade, there is still significant structural buying in the current market, so it is not advisable to turn bearish too quickly. Many people oscillate between 'the bull market is back' and 'it's completely over' without realizing that the market is not a strict binary outcome.
