Prominent trader Eugene Ng Ah Sio advocates long positions on Ethereum (ETH) and Bitcoin (BTC), specifying strategic entry points at $3,500 for ETH and $113,000 for BTC. He recommends stop-loss orders below $3,400 for ETH and $112,000 for BTC to mitigate downside exposure as market conditions fluctuate.
Ng Ah Sio characterizes the crypto market as non-binary, oscillating between bullish and bearish phases without signaling a definitive collapse. He observes stabilizing hype around Data Availability Technology (DAT) while noting the market maintains underlying resilience amid volatility.
The trader emphasizes rigorous risk management protocols, particularly disciplined stop-loss implementation, as essential for navigating the current trading environment. His approach combines technical level targeting with protective measures to capitalize on upward momentum while limiting potential losses.