Trader Eugene: Profit taking ETH long order

BlockBeats News: On August 5th, trader Eugene Ng Ah Sio posted on his personal channel that he had taken profits on multiple ETH orders. As previously reported, on August 2nd, Eugene posted that he had once again long ETH, and the bullish sentiment in August was prematurely sought after by the market. However, BTC at $113000 and ETH at $3500 are still reasonable positions to build, with stop losses set at $112000 and below $3400. Although the hype surrounding Data Availability Technology (DAT) may gradually fade, there is still substantial structural buying in the current market, so it is not advisable to turn bearish too quickly