In a post cited by BlockBeats on Aug. 29, Jiang Zhuoer, founder of mining pool B.TOP, said both Bitcoin and Ethereum have fallen below their ascending channels. With no ETF buying over the weekend, he said bulls are in a weak window and a decline is possible. He has sold 50% of his ETH spot position at an average price of $2,430.
BlockBeats reported on Aug. 29 that Jiang Zhuoer, founder of mining pool B.TOP, said in a post that both BTC and ETH have broken below their ascending channels. The weekend offers no ETF buying, which he called a weak window for bulls and a possible trigger for another decline. He said he has already sold 50% of his ETH spot position at an average price of $2,430.
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