According to Mars Finance, on August 20, trader Eugene Ng Ah Sio posted in his personal channel: "I opened a small long position on Ethereum at this level—after taking profit at $4700, it's all about range trading. Now I'm mainly looking for short-term opportunities in the $4400–$4600 range, and then I'll reassess whether to continue looking for higher levels. It's worth noting that my risk exposure on these trades is significantly lower than before because the risk/reward ratio (r/r) on these trades is lower (though still positive)."