**Momo Cheng Continues to Increase ETH Holdings, Target Price Directly at the $3000 Level**

On-chain tracking data shows that the high-profile trader Huang Licheng (nickname "Momo Cheng") has made another move within the past 10 hours. As ETH price hovered between $2932 and $2942, he continuously added 475 ETH to his long positions, bringing the total Ethereum holdings of this address to approximately $1.4 million.

According to the latest data, this trader has set layered take-profit orders in the $2960 to $3125 price range, with some orders already successfully executed. Notably, since December 17, Momo Cheng's account has maintained a consistent low-buy high-sell strategy, repeatedly adjusting positions to expand scale.

**Position Size Increased by Over 60%, Risk Management Worth Noting**

Current tracking shows that the ETH long position of this address has increased from $13.2 million to $21.62 million, with an average entry price around $2978. Under the current ETH trading price, the account faces an unrealized loss of about $110,000 (approximately 1.3%). From a risk management perspective, the liquidation price for this position is set at $2870.

It is worth mentioning that this address has previously closed all HYPE and ZEC positions, indicating that Momo Cheng is focusing his firepower on Ethereum.