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Trader Eugene: has gone long on ETH again, it's not advisable to turn bearish too quickly.
BlockBeats news, on August 2, trader Eugene Ng Ah Sio posted on his personal channel that he has once again gone long on ETH. The bullish sentiment for August has been overly hyped by the market, but the reasonable build a position levels are still at 110,000 USD for BTC and 3,500 USD for ETH, with stop losses set at 112,000 USD and below 3,400 USD. Although the hype around Data Availability Technology (DAT) may gradually fade, there remains substantial structural buying in the current market, so it is not advisable to turn bearish too quickly. Many people are jumping back and forth between "the bull run returns" and "totally doomed," without realizing that the market is not a binary direction of either/or.