Eugene: Most long orders have been closed, and ETH has risen to $3,800 in two weeks, reaching the expected target

Planet Daily News: Trader Eugene stated that he has basically closed out his previous long ETH position established at $2,500, and the current price level of $3,800 is the best performance expected in the past two weeks. He said that the market has quickly shifted from "under-positioned" to "overcrowded", with institutional buying significantly increasing in recent days, and the ETH/BTC exchange rate has reached its mid-cycle target of 0.03. He said he is not good at chasing further gains during a breakthrough stage, so he chose to take profits and exit, and expects a potential liquidation pullback in the short term to provide an opportunity for the next entry. Eugene emphasized that this is a personal view and does not constitute investment advice.