Ethereum: Trader Eugene Ng Ah Sio Opens Small Long, Eyes $4,400–$4,600 Range After $4,700 Take-Profit
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
COINOTAG News on August 20 reports trader Eugene Ng Ah Sio announced on his personal channel that he has opened a small long position in Ethereum after taking profits at $4,700, characterizing the move as part of a deliberate range trading strategy.
Ng stated he is primarily hunting for short-term opportunities inside the $4,400–$4,600 window and will reassess whether to pursue higher entries, signaling a tactical, time-bound approach to market exposure.
He further noted that current risk exposure is materially reduced because the trade’s risk/reward profile is lower though still positive, reflecting disciplined position sizing and conservative risk management in execution.