China's Jiang Zhuoer Predicts Falling Ethereum Prices Amid Ongoing Crypto Bear Cycle

Jiang Zhuoer, a former prominent figure in China's Bitcoin mining industry, has made headlines with his latest prediction. He claims to have shorted Ethereum, anticipating a decline in prices in the coming weeks and months.

According to Zhuoer, on-chain metrics and broader market patterns indicate that the cryptocurrency bear cycle remains intact. As a result, he views any sharp price increases as potential opportunities for shorting rather than signs of an impending trend reversal.