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Chinese billionaire Jiang Zhuoer shorts Ethereum amid macroeconomic risks and ongoing U.S.-Iran conflict.

Market News
08 Apr 2026
Finbold
View Source
Bearish
pluang ai news

Chinese billionaire Jiang Zhuoer, CEO of BTC.TOP, has taken a short position on Ethereum at $2,242, citing macroeconomic risks and the ongoing U.S.-Iran conflict as key reasons. He views Ethereum as still in a bear market, treating recent price rallies as opportunities to short further. Zhuoer compares the current geopolitical tensions to the 1956 Suez Crisis, anticipating structural shifts in global energy flows that could negatively impact risk assets like Ethereum. The technical outlook supports this bearish view, with Ethereum showing signs of a potential downtrend continuation after recent consolidation and a brief price rally.

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