Trader Eugene Goes Long on ETH, Calls It “Clearest Bet” Amid Breakout Expectations

Trader Eugene has revealed a renewed bullish stance on Ethereum (ETH), announcing that he has re-entered a long position based on what he describes as a major structural and sentiment shift. Posting in his trading community, Eugene expressed confidence that the market is poised for a breakout this week, with ETH being the most compelling opportunity. Key Reasons Behind His ETH Long Thesis:Extremely Light ETH Positioning After 2025 CapitulationFollowing ETH’s dramatic drop from $4,000 to $1,300 in April 2025—and the ETH/BTC ratio plunging to a multi-year low of 0. 018—Eugene notes that ETH was heavily sold off by traders and whales alike source: https://www.binance.com/en/square/post/26621790830474?utm_source=BinanceNewsRSS