China’s Well-Known Miner Plans to Buy ETH, Not BTC, With Remaining Funds as Ethereum Eyes $2.66K

• ETH price and Ethereum price prediction are gaining attention as Jiang Zhuoer turns bullish on ETH, while the broader Ethereum market outlook improves
• ETH vs BTC is becoming a key market debate, with Jiang expecting Ethereum to outperform Bitcoin in the current cycle
• Ethereum institutional demand is also strengthening, with ETH ETFs attracting nearly $697M in weekly inflows

The Ethereum price and market outlook is currently progressing. The market is issuing a bullish call for Ethereum, as the leading crypto coin alongside Bitcoin continues to attract fresh capital through Ethereum ETFs. In the middle of this, the popularity quotient of Ethereum has now reached a new threshold, as a well-known miner and founder of BTC.TOP shared that he is willing to purchase Ethereum instead of Bitcoin from his remaining funds if certain price conditions are met. This call has arrived at a time when Ethereum is being closely watched by investors and institutions both, with the asset sitting in the center of the rising tokenization narrative.

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Ethereum Price gets a Bullish Call

A new post by Wu Blockchain has brought forth an interesting commentary for the asset. Jiang Zhuoer, founder of BTC.TOP and a leading Bitcoin miner from China, has shared how he is 90% positive that the bear market has finally ended. He later added how he expects the Ethereum price to surpass that of Bitcoin. Jiang later shared how he had earlier sold a portion of his ETH for Bitcoin in efforts to try and identify a market top, but since then has changed his view about the entire narrative.

The miner later added that he has 20% to 30% of his reserve funds that he wishes to deploy. If Bitcoin falls under $67K to $72K, Jiang shared that he may then use those funds to purchase ETH. If those scenarios remained unchanged, then he may end up deploying these funds into buying ETH at prevailing prices by the end of October. Wu Blockchain later shared.

“Jiang said he bought back the ETH he had previously sold at $1,738–$1,931 after setting a stop-loss at $2,100, then sold 50% of his spot ETH at $2,525 to try to call the top, with a stop-loss at $2,550. For the 20%–30% of reserve funds he has yet to deploy, Jiang plans to use all of them to buy ETH if BTC falls to $67,000–$72,000; otherwise, he will buy at the prevailing price by the end of October at the latest.”

These comments outline the latest BTC vs ETH debate. Rather than simply expecting the broader market momentum to rise, Jiang is positioning his bets on ETH, believing it may surpass Bitcoin soon.

This Ethereum price prediction narrative is also gaining momentum as ETH institutional demand continues to recover. ETH ETFs have ended up attracting nearly $697.71M worth of inflows, adding more to the bullish ETH viewpoint.

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Investors Speculate On Ethereum’s Future

In addition to this, leading speculative platforms like Polymarket are now pricing roughly even odds of the Ethereum price outlook hitting $2,600 in August. This shows that traders are closely watching the $2,600 level, although it should not be treated as a guaranteed Ethereum market outlook price or target.

Ethereum institutional demand is also rising as the token continues to attract attention from investors looking at the broader tokenization narrative. At the same time, analysts are now actively pursuing the BTC vs ETH debate, claiming that the Ethereum market outlook for the future is brighter than it seems.

Moreover, the CoinCodex ETH algorithmic model adds how the asset may hit the $3686 mark by the year’s end.

CC later adds that the asset may hit the $5106 mark by the year 2030.

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