Trader Eugene: Has already closed most of the ETH long orders! Easy money reached the target and it's time to run.

In the past two weeks, the price surged over 50%, with Ethereum soaring to $3,800. Trader Eugene Ng stated that he has now chosen to decisively close his positions. (Background: From the brink of bankruptcy to a crypto legend: Trader Eugene: The leverage collapse taught me my investment rules) (Background: Trader Eugene went long on $60 million SOL: What did I learn after experiencing my largest single loss?) In just fourteen days, the price of Ethereum jumped from $2,500 to $3,800, an increase of nearly 55%. At a time when many investors are shouting "break through 4000", trader Eugene Ng Ah Sio, who is closely watched by the crypto community, has chosen to close his positions now. He stated on his locked X account, "The easy money has been made." Ethereum soared in the last two weeks The recent surge in Ethereum mainly comes from a wave of institutional funds. According to Bloomberg statistics, Ethereum-related products have seen a cumulative inflow of over $6 billion by 2025, with a single-week net inflow of spot Ethereum ETF reaching as high as $2.18 billion. The asset management leader BlackRock's Ethereum ETF (ETHA) absorbed $2.77 billion in just a few days, with the overall management scale estimated to be between $9 billion and $12 billion. The influx of funds has pushed Ethereum from an "emerging asset" towards a key piece of enterprise-level infrastructure, rapidly expanding the imagination around Decentralized Finance, tokenization, and Programmability. The hot money effect has not only boosted spot prices but also changed the funding allocation focus in the crypto market. Data from exchanges show that institutional accounts are shifting from Bitcoin to Ethereum and Solana and other alts, primarily due to Ethereum's staking yields, the EIP-1559 deflationary mechanism, and a clear regulatory framework that enhances safety margins. The regulatory roadmap provided by the "GENIUS Act" has allowed ETF and DeFi-related players to quickly gain legal certainty, dispelling existing doubts among institutions. Eugene Ng's logic for closing positions: Easy money has ended Eugene Ng revealed in a post that he cleared most of his long positions near $3,800 for three reasons: First, the nearly 55% increase in two weeks has met his original target. Second, market positions have shifted from "underweight" to "overweight", with institutions increasing positions too quickly. Third, his mid-term target of ETH/BTC at 0.03 has been achieved through trading indicators. For him, continuing to chase the price means betting on breaking through historical highs, which would inevitably involve more severe fluctuations. "I am not good at chasing momentum trading; if I want to continue holding, I need to invest more psychological endurance to break through historical highs." This statement highlights his risk control style, which is a good "trading discipline". After all, Eugene lost nearly $8 million last year by going long on SOL, and losing money is always hard to forget. Reminder for investors The long-term story of Ethereum is still ongoing, but volatility and risks have not disappeared. Although institutional funds continue to flow in, short-term pullbacks may occur due to profit-taking or macro variables. If readers want to participate in the market, they need clear entry and exit strategies, such as setting specific target prices for holdings, pre-setting acceptable maximum drawdown levels, and finally, closely monitoring signals of market positions being overweight over a long period. Related reports Ethereum version of MicroStrategy Q&A: Analysis of the logic and holdings of four major U.S. companies betting on ETH Ethereum climbs to $3,850! GameSquare increases holdings by $30 million ETH: Raises reserve limit to $250 million Ethereum Fusaka hard fork locked for November, Glamsterdam upgrade debuting in early 2026. "Trader Eugene: I have closed most of my ETH long positions! Easy money has reached the target and it's time to run" was first published in BlockTempo, the most influential blockchain news media.