Jiang Zhuo'er: BTC and ETH Both Fall Below Ascending Channels, With Weekend ETF Market Closure as Bearish Period

BlockBeats News, August 29th - Jiang Zhuo'er, founder of BTC.TOP mining pool, stated in a post that both BTC and ETH have fallen below the upward channel. With no ETF buying pressure over the weekend, it is a bearish time for the bulls, which may lead to a downward trend. Currently, he has sold 50% of his ETH spot position at an average price of $2430.