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Agent for “1011 Insider Whale”: The view that “ETH will fall below $2,000” is rigid and foolish
Svmuu News: Garrett Jin, a representative of "1011 Insider Whale," posted on X stating that without digital asset treasury firms, ETH might have remained trapped in the $1,400–$4,800 range throughout this cycle until fundamentals shifted. However, Digital Asset Treasury purchased approximately 5 million ETH and locked them up, altering the long-term supply structure and compressing downside potential. ETH’s exchange balance ratio is even lower than BTC’s. Even in a bear market, it is highly unlikely that the ETH price will fall below $2,000. ETH is currently following the institutionalization path that BTC took from January 2023 to November 2024. As long as there is no significant decline in the U.S. stock market, ETH breaking new highs is inevitable. and any view that “ETH will fall back below $2,000” is rigid and even foolish.
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