Ethereum (ETH) Bulls Fight Back as Trader Eugene Goes Long at Swing Low, Predicts Short Squeeze

COINOTAG News reported on November 4 that trader Eugene outlined his trading record, signaling a long position in Ethereum (ETH) taken near a swing low. He framed the entry as a disciplined risk step for the crypto market and highlighted ETH as a constructive setup amid current price action.

Echoing the assessment, Eugene described the move as the final line of defense for the bulls and signaled willingness to let the setup run. He warned that excessive bearish sentiment could spark a short squeeze if buying pressure returns.

Later that day, he noted that the bulls have not fully collapsed and that the global risk market and a constructive macro outlook still support risk assets. The remarks suggest cautious optimism for the crypto market and the ETH trend ahead.