Trader Eugene: First Time Long on ETH Since January, Market Seeing High Ethereum Short Interest

BlockBeats News, April 20th: Top trader Eugene Ng Ah Sio made a post on his personal channel, stating, "I went long on ETH for the first time since early January. From a technical analysis perspective, ETH has shown a steady slow upward trend since early April, with a clear trend. I believe that there are many entrenched bearish traders in the market who have long used ETH as the default hedge tool. If BTC breaks the $86,000 mark, I expect the market dynamics to significantly strengthen, with ETH and altcoins possibly becoming the main beneficiaries."

"As usual, I try to make real-time trading decisions in the face of incomplete information, while balancing the following factors: my inherent biases, rapidly changing market information, and newly established price ranges. This process is not easy, and my views often fluctuate—because it is indeed difficult to determine the best strategy at the moment. To address this uncertainty, I control risk by reducing position size, ensuring that even if my judgment is wrong (a common occurrence), the fluctuations in gains and losses will not cause substantial harm to my funds."