Jiang Zhuoer Says He Is 90% Sure the Bear Market Has Ended, Sees ETH Outperforming BTC

Odaily Planet Daily reported that Jiang Zhuoer, founder of the LBry mining pool, said his earlier bearish call on the market was wrong and that he is now 90% sure the bear market has ended. He said ETH could be the main driver of the next bull phase and may outperform BTC. Jiang also laid out his own ETH trades. He said ETH that he sold in the $1,738 to $1,931 range was bought back at $2,100 with a stop-loss. Later, when ETH rose to $2,525, he sold 50% of his spot holdings in an attempt to call the top, with a stop set at $2,550. For funds still on the sidelines, Jiang said he plans to buy all in if BTC pulls back to the $67,000 to $72,000 range. If that does not happen, he said he will buy at current prices by the end of October at the latest. He said trading is less about predicting prices than about execution and risk control, putting it as: "Hold when right, stop out when wrong."