@ETH
Trader Eugene Ng Ah Sio posted on his personal channel a message announcing a new long position on ETH. The bullish sentiment of August had been prematurely fueled by the market, but $113,000 in BTC and $3,500 in ETH still represent reasonable entry positions, with a stop-loss set below $112,000 and $3,400 respectively.
Although the excitement for Data Availability Technology (DAT) may gradually fade, the structural buying interest remains significant in the current market. It is therefore advised not to quickly shift to a bearish outlook. Many oscillate between 'return of the bull market' and 'total collapse,' without realizing that the market does not follow a simple binary trajectory.
