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The trader takes profit on the ETH long order, stating that $3500 is still a reasonable Build a Position.
[Coin World] On August 5, a trader posted on their personal channel that they have taken profit on their ETH long order. Previously, on August 2, the trader stated, "I have gone long on ETH again. The bullish sentiment in August has been overly chased by the market, but the reasonable build a position levels are $113,000 for BTC and $3,500 for ETH, with stop loss set at $112,000 and below $3,400. Although the hype around the data availability technology (DAT) may gradually fade, there still exists substantial structural buying in the current market, so it is not advisable to turn bearish too quickly."