Trader Eugene: I have gone long on ETH for the first time since January, betting that a BTC breakthrough will drive the overall market

avatar
ODAILY
04-20
This article is machine translated
Show original
reported that trader Eugene stated he has long ETH for the first time since early January. From a technical perspective, ETH's slow upward trend since early April is quite clear, and the structural short position for ETH as the default counterparty is already crowded. If BTC breaks through $86,000, he expects the market to become overall more active, which will be reflected through ETH and other Altcoins. Eugene added that he always makes decisions under imperfect information and often oscillates between different views. To control risk, he has reduced his position size to minimize the impact of potential misjudgments on profit and loss fluctuations.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments