Bitcoin Surges Past $120k; Ethereum Eyes $4,000
- Bitcoin surpasses $120,000, Ethereum approaches $4,000, sparking market interest.
- Eugene Ng anticipates Ethereum’s potential break through $4,000.
- Trader’s strategy focuses on ETH resilience at the $3,500 level.
Eugene Ng Ah Sio, a prominent crypto trader, signals Bitcoin stabilization above $120,000 and Ethereum’s readiness to potentially breach $4,000 as of July 25, 2025.
These movements indicate robust market sentiment, prompting speculation on future altcoin performance and potential institutional engagement, with traders focusing on risk management and profit-taking strategies.
Bitcoin has regained the $120,000 level, while Ethereum is nearing the $4,000 mark, drawing attention from traders. Eugene Ng, a prominent crypto trader, shares insights about these shifts, noting Ethereum’s potential to break the $4,000 threshold soon. Eugene Ng, Co-founder of Tangent, remarked, “Today, based on the overall defensiveness of altcoins against BTC, I have opened some long positions… ETH appears resilient enough to hold the $3,500 level. I currently hold long positions in ETH and SUI. If ETH falls below the $3,500 low, the trade will be invalidated.” Source
Eugene Ng, known for his disciplined trading, focuses on short-term opportunities, maintaining an eye on Ethereum’s resilience. His strategy involves capitalizing on crypto market defensiveness, evident in Ethereum’s hold at the $3,500 level amid market fluctuations.
The recovery in Bitcoin and Ethereum sees positive reactions across crypto markets, reinforcing bullish sentiment. In addition, Eugene’s observations on altcoins hint at continued investor optimism, especially with Ethereum poised for potential upside action.
Investment strategies are seeing adjustments as traders anticipate possible rallies in Ethereum. Eugene notes this potential amid cautious optimism, emphasizing the importance of navigating new opportunities with a balanced approach to risk management.
Market enthusiasts are closely monitoring these developments. Some foresee a broader impact as capital inflows potentially strengthen both Bitcoin and Ethereum’s market positions. Overall crypto sentiment is notably positive as prices climb.
If historical trends and data hold, Bitcoin and Ethereum’s upward trends might influence other sectors. On-chain data and previous cycles offer insights into potential regulatory and technological outcomes, aligning investor focus toward substantial financial momentum.
