📉 Top Trader Eugene Ng Closes ETH Long – What’s Next for the Market? 🧠💬

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According to BlockBeats, renowned trader Eugene Ng Ah Sio has officially closed his long position on #Ethereum (ETH) — signaling a cautious stance despite recent bullish sentiment.

🔍 On August 2, Eugene had projected:

📈 BTC entry: $113,000 (Stop-loss: <$112,000)

$BTC

📈 ETH entry: $3,500 (Stop-loss: <$3,400)

$ETH

However, with momentum around Data Availability Tech (DAT) cooling off, he’s now playing it safe — yet warns traders not to flip bearish too quickly. 👀

🔥 Eugene still sees strong structural buying interest in the market, suggesting this could be a cool-down, not a crash. Timing is everything — and emotions can be costly.

🚨 Pro Tip: Don’t chase hype. Watch the entry points. Respect the stop-loss.

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