Bitcoin Miner Jiang Zhuoer: Ethereum Leads in This Round of the Crypto Cycle
2026-08-24 21:21:26
According to CoinMeta, Bitcoin miner Jiang Zhuoer ( Jiang Zhuoer ) stated that as Ethereum ( ETH ) has demonstrated strong relative strength over Bitcoin ( BTC ), he has reversed his opinion on Ethereum and expects ETH to surpass BTC during the current crypto cycle. Jiang Zhuoer is the founder of the Chinese mining pool BTC.TOP. He closed his short positions after the price of ETH broke through $2,000 and repurchased ETH around $2,100. Now, he is 90% certain that the bear market in the crypto market has ended. His bullish arguments are centered around the ETH / BTC ratio; recently, Ethereum has shown a relatively strong recovery. Coinpaper analysis indicates that the ETH / BTC ratio has broken through the long-term downward trend, with 0.03 becoming an important threshold. Jiang Zhuoer plans to invest the remaining funds in Ethereum when Bitcoin falls back to between $67,000 and $72,000. If there is no pullback, he will complete the purchase of ETH by the end of October. Recently, the US spot Ethereum ETF has attracted approximately $220.8 million in capital inflows, and the price of ETH has broken through $2,400.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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