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CryptoUpdated×2•Originally published 13 April 2026•Updated 13 April 2026•

1 min read

BTC.TOP Founder Shorts Ethereum Citing Geopolitical Tensions in Strait of Hormuz

Digital illustration of cryptocurrency market downturn with a large Ethereum coin, Bitcoin and Solana logos, multiple charts showing losses, a red downward arrow, and scattered crypto coins.

Key Facts

1Jiang Zhuoer, founder of BTC.TOP, opened a medium-term Ethereum short position at $2,242.

2Zhuoer described the US-Iran conflict as America's 'Suez Canal moment,' suggesting a geopolitical decline.

about 2 months ago

Version History

Version 2about 2 months ago

What changed: Updated the current ETH price to $2,181.19, noted the 2.89% daily decline, and identified $2,150 as the next critical technical support level.

Version 1about 2 months ago

What changed: Updated to reflect Ethereum breaking below the $2,250 support level and its current consolidation near $2,175 amid recovery struggles.

Jiang Zhuoer, the founder of BTC.TOP, has initiated a medium-term short position on Ethereum (ETH) at $2,242, citing escalating geopolitical tensions in the Strait of Hormuz. Zhuoer characterized the situation as a "Suez Canal moment" for the U.S., signaling a potential decline in global market stability. Ethereum is currently trading at $2,181.19, reflecting a 2.89% decline over the past 24 hours. This downward move follows the breach of the previous $2,250 support level, which has reinforced the prevailing bearish sentiment. Technical analysts have now identified $2,150 as a critical support level to watch for potential stabilization. Failure to hold this mark could see the cryptocurrency test the psychological barrier of $2,000 if systemic risks persist. Consequently, traders remain focused on the ETH/USD pair to gauge the strength of the current downward momentum.