Ethereum News Today: Trader Eugene Ng Exits ETH Bull Run as Market Nears Peak

Trader Eugene Ng Ah Sio has publicly confirmed that he is ceasing his aggressive Ethereum trading activities, marking a notable shift in his market strategy. According to reports, the trader—widely followed in the cryptocurrency community—has stopped engaging in high-risk, large-scale momentum trades, including Martingale strategies. This move comes after he reached his key target for the Ethereum/Bitcoin exchange rate of 0.04, a benchmark previously established as a key indicator of the bull market cycle's progression [1][2][3].

Eugene’s decision to shift from accumulation to capital preservation suggests a strategic recalibration, as he believes the Ethereum bull market is nearing its peak. This conclusion aligns with broader market expectations that the bull cycle, initiated in early 2023, is approaching a turning point [4]. The move reflects a growing trend among experienced traders, who are increasingly prioritizing risk management over speculative trading as volatility and market sentiment shift [5].

The announcement has had an immediate impact on trading sentiment, with many market participants closely watching how the Ethereum price will react to this shift. Analysts suggest that the market may now enter a consolidation phase, with less emphasis on aggressive trading and more focus on maintaining existing gains [6]. Eugene’s influence in the crypto space remains strong, and his exit from active ETH trading is being seen as a potential signal of a broader transition in the market's direction.

Some analysts have pointed out that a potential bullish flag pattern in Ethereum’s price could signal a future price surge beyond $2,800 toward $4,000, should key resistance levels be breached [7]. However, it is important to note that these projections are based on analyst interpretations and not confirmed market outcomes. Eugene’s own comments indicate that the high-risk phase of the bull market may have largely concluded for him personally.

Historically, similar market cycles have led to consolidation periods following major price targets, supporting the idea of a natural slowdown in trading intensity. Eugene’s data-driven approach reinforces the notion that the current phase of the market may be moving toward stability, with a focus on preserving capital rather than pursuing aggressive gains [1].

The broader implications of Eugene’s decision extend beyond his own trading behavior. As a respected figure in the crypto community, his shift in strategy could influence investor sentiment and market positioning in the near term. The emphasis on capital preservation over high-risk bets may signal a broader phase transition in the current bull market.

Source:

[1] ChainCatcher, https://www.chaincatcher.com/en/article/2199991

[2] AInvest, https://www.ainvest.com/news/ethereum-news-today-ethereum-bull-market-nears-peak-trader-signals-cycle-2508/

[3] Binance, https://www.binance.com/en/square/post/08-24-2025-crypto-bull-market-cycle-nears-end-says-trader-eugene-ng-ah-sio-28731915342673

[4] BlockBeats, https://www.theblockbeats.info/en/flash/308915

[5] The Economic Times, https://m.economictimes.com/crypto-news-today-live-24-aug-2025/liveblog/123477064.cms

[6] Blockchair, https://blockchair.com/fa/news/ethereum-bullish-flag-pattern-set-for-breakout-targeting-3000-as-key-resistance-zone--920eeb93e79be602

[7] Coinlive, https://www.coinlive.com/news-flash/877337