Ethereum Faces Potential Decline As Trader Highlights Market Reaction

According to BlockBeats, on March 7, prominent trader Eugene Ng Ah Sio shared insights on Ethereum's market behavior. He noted that he has taken a short position on Ethereum at $2,170, expressing surprise at the market's lack of response to what he described as a 'nuclear drop.' Ng Ah Sio mentioned that while a significant announcement is unlikely later today, he is taking advantage of the current situation. He further explained that the fundamental outlook suggests Ethereum will eventually fall below $2,000. However, he clarified that his current position is a minor profit-taking move.