Jiang Zhuoer: It is expected that the Yili Huaqiang Ping line will drop to 1500 USD, and Ethereum has a strong intention to recover from the oversold condition

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that Yi Lihua continues to sell ETH to reduce leverage, predicting that the purpose is to lower the liquidation line to around 1500 (USD).

Currently, this bomb has basically been defused. ETH has endured a concentrated reduction of 220,000 ETH in the last 13 hours, yet it remains oscillating around the 1900 line, indicating strong buying pressure in the market and a strong intention to repair the oversold condition. According to previous news, Jiang Zhuoer mentioned this morning that the current decline has been severely oversold, and he has bottomed out ETH at 1850 USD, noting that such an oversold condition is an opportunity that occurs only once in a year.