Trader Eugene: ETH Short Position Size Decreased

BlockBeats News, March 7th, top trader Eugene Ng Ah Sio announced on his personal channel that he has reduced the size of his ETH short position.

Previously, Eugene stated that he had shorted Ethereum at a price of $2170—didn't understand why the market didn't react to the 'nuclear-style drop,' but since that scenario is unlikely to happen later today, it's best to make the announcement now. The bottom line is that ETH will eventually drop below $2000, but for now, it's just a small profit-taking operation.