Trader Eugene has announced a renewed long position on Ethereum (ETH), anticipating a market breakout this week. Despite previous hesitations, Eugene cites significant changes in ETH's market structure and regulatory tailwinds as key factors in his decision. Eugene highlights that ETH's structural positions are at their lightest in three years following a sharp decline from $4,000 to $1,300 in April 2025. He believes ETH is poised to become the main chain for stablecoins and institutional finance, supported by recent U.S. regulatory progress. Additionally, Eugene notes that ETH's price has room to catch up, potentially benefiting from momentum if Bitcoin (BTC) prices surge.