ChainCatcher message, trader Eugene Ng Ah Sio stated in a personal channel: "Opened a long position with a small size at this level on Ethereum - after taking profit at $4700, it's now about range trading. Currently looking for short-term opportunities in the $4400–$4600 range, and then reassess whether to continue looking for higher positions.

It should be noted that my risk exposure on these trades is significantly smaller than before, as the risk/reward ratio (r/r) for these trades is lower (although still positive)."