According to BlockBeats, on November 27, top trader Eugene Ng Ah Sio shared his recent investment move, stating that he has purchased some Ethereum (ETH) during the current market downturn. Despite the unclear market signals, Ng Ah Sio noted that the compressed movements of Bitcoin (BTC) and MicroStrategy (MSTR) suggest that Bitcoin's momentum has significantly slowed.
Ng Ah Sio expressed his belief in the basic '10 IQ capital flow logic,' implying that it might be Ethereum's turn to experience a price increase. He highlighted that the current price of around $3,000 appears to be a bargain, suggesting optimism for a potential rise in Ethereum's value. This perspective reflects a strategic approach to investing in Ethereum, anticipating a shift in market dynamics that could favor the cryptocurrency.