- If in February Chinese billionaire Jiang Zhuer opened long positions on Ethereum, then during the April growth period he opened shorts.
- Zhuer believes that any price surges are short-lived during a bearish trend.
On April 8, Chinese billionaire Jiang Zhuer changed his respect к Ethereum (ETH) and opened a short position.
The founder and CEO of one of the largest Bitcoin mining pools, BTC.TOP, opened a short position at a price ETH $2242. The size of the position is not disclosed, it is only known that she’s done taking into account new macroeconomic conditions.
In February 2026, he opened a long position in Ethereum at $1850, citing the asset being oversold, and then closed it at $2144 on March 4 due to the escalation of the conflict between the US and Iran.
I bought a spot at 1850 this morning, hoping for a rebound. Stop-loss at 1790. I haven’t set a take-profit yet, but we’ll see. A drop this big is a once-a-year opportunity. It would be a shame not to make any money [smile emoji] [restrained laughter emoji].
According to Zhuer, Ethereum remains in a bear market cycle, and the current phase is more accurately described as a moderate recovery rather than a complete trend reversal.
Against the backdrop of the escalating military conflict between the US and Iran, the expert identified the increased risk of a further crisis as the main factor putting pressure on risky assets, including Ethereum.
Recent events show that, despite the two-week ceasefire, Zhu’er rightly believes Iran will retain control of the Strait of Hormuz and impose tariffs on tanker vessels. The billionaire views this outcome as a structural shift in global energy flows with long-term implications for risky assets.
Medium-term bearish outlook for Ethereum is supported by its long consolidation after the sharp decline in late January and February.
CoinGecko Data
Today, Zhuer’s position is under threat of liquidation, as today the price Ethereum ETH gained 7% in a day, reaching $2225. If Bitcoin continues to rise, the price of ETH will also move higher.
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