shared<\/a> on Binance\u2019s Square platform and relayed by Chinese\u2011language outlets including PANews and WEEX, Jiang wrote that recent price rebounds driven by war headlines are \u201call opportunities to add shorts,\u201d framing his ETH bet as a medium\u2011term macro trade rather than a quick scalp.<\/p>\nEthereum (ETH) is changing hands near the mid\u2011$2,200s at the time of writing, having sold off from local highs above $2,600 in late March as risk assets reacted to surging oil prices and renewed geopolitical tension in the Strait of Hormuz. On TradingView\u2019s ETHUSDT dashboards, intraday charts show choppy price action clustered around the $2,200 zone with mixed technical signals: short\u2011term oscillators lean neutral to slightly bearish, while longer\u2011term trend gauges still reflect the broader pullback from the 2024\u20132025 uptrend.<\/p>\n
\u2018Suez Canal moment\u2019 and why Jiang is short Ethereum<\/h1>\n
In his note, Jiang drew a direct line between the US\u2011Iran war, control of the Strait of Hormuz and what he sees as a structural weakening of US hegemony. \u201cThis is America\u2019s Suez Canal moment,\u201d he wrote, referencing the 1956 crisis in which Britain lost control of the Suez Canal, an episode often cited as the symbolic end of British global dominance. Jiang argued that the \u201cmost likely\u201d outcome of the current conflict is that Iran ends up effectively controlling the Strait of Hormuz and collecting tolls on oil flows, with the U.S. refusing to recognize that legally but ultimately acquiescing in practice.<\/p>\n
<\/p>\n
Kpler, an energy analytics firm, has described the new Strait of Hormuz crisis as one that \u201creshapes global oil markets,\u201d noting in an April 6 briefing that physical supply is at real risk, southern Iraqi production is being curtailed and Iranian exports had already pre\u2011surged to multi\u2011year highs ahead of the confrontation. Against that backdrop, Jiang believes higher and more volatile energy prices will continue to pressure risk assets like Ethereum. He wrote that \u201cthe bear market cycle is not over yet\u201d and that \u201cevent\u2011driven rebounds are all opportunities to add to short positions,\u201d while allowing that there is a \u201csmall probability\u201d of renewed large\u2011scale fighting, which he implies would further stress markets.panewslab+4<\/p>\n
Jiang did not disclose the size or leverage of his ETH short, but noted that this is a \u201cmedium\u2011term operation,\u201d comparing it to a previous long trade where he bought Ethereum around $1,850 and closed near $2,144. Crypto outlets such as Finbold have highlighted that stance as a starkly bearish signal from a long\u2011time industry insider, with the publication describing him as a \u201cChinese billionaire\u201d who has turned negative on ETH in the short\u2011to\u2011medium term.<\/p>\n
For traders, his framing ties a discretionary macro short in Ethereum at $2,242 directly to a geopolitical thesis about US power, oil chokepoints and the durability of the current crypto downturn. Whether that thesis plays out will depend less on Ethereum\u2019s on\u2011chain metrics and more on how the war in and around the Strait of Hormuz evolves \u2014 and how much energy\u2011driven volatility global markets can absorb.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
BTC.TOP founder Jiang Zhuoer says the US\u2011Iran war is America\u2019s \u2018Suez Canal moment\u2019 and reveals a medium\u2011term Ethereum short opened at $2,242. Summary Jiang Zhuoer, founder of BTC.TOP, says he…<\/p>\n","protected":false},"author":1,"featured_media":11571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25604"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25604\/revisions"}],"predecessor-version":[{"id":25605,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25604\/revisions\/25605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11571"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}