Ether might be bouncing back soon! Tom Lee from Fundstrat says Ethereum's past shows it recovers quickly after big drops. Since 2018, Ethereum fell over 50% eight times, and each time it bounced back fast. Lee thinks we're close to another V-shaped bottom, like in 2018 and 2022. The current price is around $1,970, and analysts think $1,890 could be a potential low.
*Key Points:*
- _Historical Pattern_: Ethereum's past shows rapid rebounds after deep drops
- _Current Price_: $1,970, struggling to reclaim $2,000
- _Staking Demand_: Record 71-day wait to stake Ether, with 30.3% of supply staked
- _Analyst View_: Tom Lee expects another V-shaped recovery
This combo of historical patterns and strong staking demand has Lee thinking Ether's nearing a rapid recovery phase.
ETH
1,946.42
+0.36%