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Jiang Zhuoer: This round of decline has shown serious overselling, and I have bottomed out ETH at $1850.
ChainCatcher message, Leipbit Mining Pool (B.TOP) founder Jiang Zhuoer stated this morning on his social media platform that the crypto market “since January 28, this wave of decline has shown serious oversold conditions, and there is a need for a recovery adjustment in the medium term.” Jiang Zhuoer also mentioned that he has “bottomed out ETH at $1850, with a stop loss at $1790, and the take profit has not been set yet, just watching for now. This kind of oversold condition is an opportunity that only appears on an annual basis, missing out on it would be a big loss.” Jiang Zhuoer’s Leipbit Mining Pool was once one of the top Bitcoin mining pools globally, reaching the number one hash rate on the entire network during the peak of the 2017 bull market.