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Eugene: Most long orders have been closed, and ETH has risen to $3,800 in two weeks, reaching the expected target
Odaily News Trader Eugene posted that he has basically closed the ETH long position previously established at $2,500, and the current price level of $3,800 is the best performance expected in two weeks.
He said that the current market has quickly turned from under-positioning to overcrowding, institutional buying has increased significantly in recent days, and the ETH/BTC exchange rate has also hit its mid-term target of 0.03. He said that he is not good at continuing to chase the rise in the breakthrough stage, so he chose to stop profit and exit, and expected that there may be a liquidation callback in the short term, providing an opportunity for the next round of entry. Eugene emphasized that this is a personal opinion and does not constitute an investment advice.
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