Jiang Zhuo'er: Has Shorted ETH at $2242, Any Event-Driven Bounce in a Bear Market is a Shorting Opportunity

BlockBeats News, April 8th. Jiang Zhuo'er, founder of Leibite Mining Pool (B.TOP), stated in a post that he had shorted ETH at $2242. Trump played it badly, and the U.S.-Iran war will most likely end with Iran controlling the Strait of Hormuz (collecting tolls), a situation that the U.S. legally does not recognize (but tacitly accepts).

This is the U.S.'s Suez Canal moment. (In 1956, the UK lost control of the Suez Canal, seen as the end of the British Empire's global dominance.) The bear market cycle is not over yet; any event-driven rebound is an opportunity to add to shorts. There is also a small probability of a re-escalation. This is a short- to medium-term operation, similar to going long at $1850 last time and closing at $2144.