Trader Eugene: If BTC rises above $120,000 again, ETH is expected to break through $4,000
According to BlockBeats, trader Eugene Ng Ah Sio published an analysis of the Bitcoin market, stating that BTC needs to show strength within a limited time to continue this round of upward momentum. Currently, BTC is oscillating between $112,000 and $120,000, with the momentum of other assets in the market continuing to weaken. As bulls hope to see BTC rise above $120,000, ETH is expected to break through $4,000 (maintaining an exchange rate of 0.03). In this case, the crypto party will continue, and bull trading will be very easy. If this does not happen, both bulls and bears will face a choppy market. If BTC falls below $112,000, the long-term bullish structure will no longer be optimistic.
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