Jiang Zhuoer, founder of Litecoin Pool, has expressed a bearish outlook on Ethereum, shorting it at $2,242 amid ongoing geopolitical tensions. He likens the current situation to the "Suez Canal moment" for the U.S., referencing the 1956 event that marked the end of British control over the canal. Jiang predicts the U.S.-Iran conflict will likely conclude with Iran controlling the Strait of Hormuz and imposing transit fees, a situation the U.S. may not legally recognize but tacitly accept. Jiang believes the bear market cycle is not yet over and views any event-driven market rebounds as opportunities to increase short positions. He also notes a small probability of renewed conflict, suggesting continued market volatility.