Odaily Planet Daily reported that well-known trader Eugene Ng Ah Sio posted on his personal TG channel that he has gone long on ETH again. The bullish sentiment in August was prematurely pursued by the market, but $113,000 BTC and $3,500 ETH are still reasonable positions for opening positions, with stop losses set at $112,000 and below $3,400.

While the hype surrounding Data Availability Technology (DAT) may be fading, there remains substantial structural buying in the market, so it's not advisable to turn bearish too quickly. Many people are bouncing back and forth between "the bull market is back" and "it's all over," failing to realize that the market isn't binary.