According to @CryptoMichNL, ETH is about 15% above its Daily EMA and 6–7% above its 4H EMA, making short-term buying not positive expected value based on his assessment. Source: Michal van de Poppe (@CryptoMichNL) on X, August 9, 2025. He adds he would not jump into new longs here and also would not initiate shorts at this extension. Source: Michal van de Poppe (@CryptoMichNL) on X, August 9, 2025. He outlines a plan to scale out, sit in cash for a dip, and then go max long the ETH ecosystem on pullbacks. Source: Michal van de Poppe (@CryptoMichNL) on X, August 9, 2025.