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On April 8th, BitGet Pool founder Jiang Zhuoer posted that he has shorted ETH at $2,242. Trump’s actions have backfired, and the Iran-U.S. war is highly likely to end with Iran controlling the Hormuz Strait (collecting tolls), which the U.S. does not legally recognize (but tacitly accepts).
This is America’s Suez Canal moment. (In 1956, Britain lost control of the Suez Canal, marking the end of the British Empire’s global dominance.) The bear market cycle is not over yet, and event-driven rebounds are opportunities to add to short positions. There’s also a small probability of another conflict. This is a medium- to short-term strategy, just like last time when we went long at $1,850 and closed the position at $2,144.