Jiang Zhuo'er: The current downward trend has severely overshot, and I have bought the dip for ETH at $1850.

BlockBeats News, February 6, Jiang Zhuo'er, founder of Leibi Mining Pool (B.TOP), stated this morning on his social media platform that the cryptocurrency market has experienced a significant oversold condition since January 28, and there is a need for a mid-term recovery adjustment.

Jiang Zhuo'er also stated that he has bottomed ETH at $1850, with a stop-loss at $1790, and has not yet set a take-profit target. This kind of oversold condition is an opportunity that only occurs once a year, missing out on it would be a big loss.

Jiang Zhuo'er's Leibi Mining Pool was once one of the world's top Bitcoin mining pools, reaching the highest network hashrate during the peak of the bull market at the end of 2017.