Recently, the Ethereum market has performed brilliantly, with the price skyrocketing from $2500 to $3800 within just two weeks, an increase of over 50%. This wave of market activity has attracted the attention of many investors, including the well-known trader Eugene Ng Ah Sio.

Eugene stated that he has chosen to exit most of his Ethereum long positions. In his view, the easiest phase to profit from this rise has already passed, and holding on may require stronger psychological endurance.

Market sentiment has also undergone a significant change. It has shifted from a previous state of under-positioning to a current potential state of over-positioning. Notably, institutional investors have recently significantly increased their holdings of Ethereum, which may be one of the important factors driving the price rise.

Another indicator worth noting is the ETHBTC ratio. This ratio has reached the mid-term target of 0.03, and Eugene believes this signifies that his trading strategy has been perfectly executed. Based on this, he chooses to lock in profits at the current position while closely monitoring market trends to prepare for the next investment opportunity.

The strong performance of Ethereum in this round once again proves the high volatility and immense potential of the cryptocurrency market. However, as demonstrated by Eugene's actions, it is equally important to take profits at the right time after achieving considerable gains. For other investors, it is also necessary to cautiously assess risks and manage positions wisely when chasing rises.