BlockBeats news, August 5, trader Eugene Ng Ah Sio posted on his personal channel that he has taken profits on his ETH long position.
Previously reported, on August 2, Eugene posted that, "I have gone long on ETH again. The bullish sentiment in August has been prematurely chased by the market, but $113,000 for BTC and $3,500 for ETH are still reasonable entry points, with stop losses set at $112,000 and below $3,400. Although the hype around Data Availability Technology (DAT) may gradually fade, there is still substantial structural buying in the current market, so it is not advisable to turn bearish too quickly."
