Eugene: I'm long ETH again, and $3,500 is a reasonable entry point.
Well-known trader Eugene Ng Ah Sio posted on his TG channel that he's long ETH again. He said the market's bullish sentiment in August was premature, but $113,000 in BTC and $3,500 in ETH remain reasonable entry points, with stop-loss orders set at $112,000 and below $3,400.
While the hype surrounding Data Availability Technology (DAT) may be fading, there's still substantial structural buying in the market, so it's not advisable to turn bearish too quickly. Many people are bouncing back and forth between "the bull market is back" and "it's all over," failing to realize that the market isn't binary.
