Top Trader Shorts Ethereum at $2170 Predicting Further Decline

Top trader Eugene Ng Ah Sio recently made a bold move by shorting Ethereum at $2170. In a post, he expressed his surprise at the market's lack of reaction to what he described as a "nuclear-like drop." He acknowledged that this scenario was unlikely to occur later in the day, but he chose to announce his position and take advantage of the situation.

Ng Ah Sio's strategy is based on the belief that Ethereum will eventually drop below $2000. However, he clarified that his current move is merely a minor profit-taking operation, suggesting that he anticipates further downward pressure on the cryptocurrency's price.