BTC.top Founder Reopens ETH Long Position at $1,645 Amid Market Downtrend

Jiang Zhuoer, the founder of Chinese Bitcoin mining pool BTC.top, has taken a tactical step in the Ethereum market by reopening a long position at $1,645.

The move is based on his analysis of the broader cryptocurrency market, which remains in a downtrend. However, he believes that Bitcoin's support at $61,000 provides a key technical reference point for a potential short-term rebound.

As a prominent figure in the crypto trading community, Zhuoer's trading activities are closely watched by market participants. His decision to re-enter a long position on Ethereum highlights a divergence in opinion among experienced traders, who are navigating a volatile and uncertain market environment.