Trader Eugene: With BTC Regaining the $120,000 Mark, ETH Is Poised to Break Through $4,000

BlockBeats News, July 26 — Trader Eugene Ng Ah Sio published an analysis of the Bitcoin market, stating that “BTC needs to show strength within a limited timeframe to sustain the current rally. At present, BTC is fluctuating between $112,000 and $120,000, while momentum in other market assets continues to weaken. As a bull, I hope to see BTC reclaim the $120,000 level, which could allow ETH to break through $4,000 (maintaining a 0.03 exchange rate). In this scenario, the crypto party will continue and long trades will be easy. If this does not happen, both bulls and bears will face a choppy market. If BTC falls below $112,000, I will no longer be optimistic about the long-term bullish structure.”