Analyst: Eugene went long on ETH at the dip during the wick, with a cost of around $3,474.

Jinse Finance reported that, according to on-chain analyst Ai Yi (@ai_9684xtpa), well-known trader Eugene chose to go long at a low position during the ETH flash crash, with a long entry cost of around $3,474. The analyst noted that Eugene had previously advised investors to "hold back," but was the first to take action during this market volatility.