Jiang Zhuoer, founder of LTC Mining Pool, has liquidated all his Ethereum spot positions, selling the remaining 50% when the price reached $1,931. The average selling price for his Ethereum holdings was $1,834.5. Zhuoer anticipates that the current rebound in Ethereum's price will face resistance around $2,000, marking the limit of its upward movement. He noted that the rebound has nearly reached the starting point of the June 2 decline, with significant trapped positions above, prompting his decision to sell.