Trader Eugene: After Ethereum historically broke through $2,800, it quickly surged toward $4,000 and I will continue to hold long positions
According to ChainCatcher, trader Eugene shared in his personal community, "As long as Bitcoin doesn't follow the old pattern of a false breakout followed by a sharp drop (which currently seems unlikely, though it can't be completely ruled out), Ethereum is very likely to seize the opportunity to break through the key resistance zone at $2,800.
Although I'm not entirely sure about the exact timing (Bitcoin dominance, BTC.D, may continue to strengthen for a while), I believe the probability of Ethereum breaking through this resistance zone has risen significantly today.
In Ethereum's history, it has only broken above $2,800 three times, and each time the price quickly surged to around $4,000. History doesn't simply repeat itself, but it often rhymes in similar ways. I will continue to hold my long positions and get ready for a wild ride."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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