🚨 Everyone’s asking the wrong question about Ethereum.
It’s not “Is $ETH going to bounce tomorrow?”
It’s “Has most of the damage already been done?”
Here’s the honest read 👇
Valuation says pain is priced in.
ETH is trading below the 0.80 valuation band, a zone it’s only dipped into a handful of times in history.
Every time it happened:
• Most holders were underwater
• Forced selling was already done
• Fear was loud
At ~$1,950, ETH is below the average holder’s cost basis. That doesn’t guarantee upside — but it does tell you this isn’t euphoria. This is exhaustion.
ETH vs BTC is stabilizing.
ETH/BTC just printed a better weekly candle. Not a reversal — but selling pressure is cooling. The level to watch is 0.0325 BTC:
Above it → capital usually rotates into ETH
Below it → ETH keeps basing
Bottoms don’t start with strength.
They start when weakness stops getting worse.
Smart money is quietly accumulating.
BitMine is already 71% of the way to owning 5% of total ETH supply.
That’s not fast money. That’s long-term positioning after sentiment broke.
Price doesn’t react immediately.
Supply just moves into stronger hands.
Usage hasn’t fallen off a cliff.
Ethereum still secures ~$200B in value.
If ETH were “dead,” that capital would be leaving. It isn’t.
Price is down.
The network isn’t.
Liquidity is tightening.
ETH on exchanges is back to levels last seen around 2016, while the ecosystem is exponentially larger today.
Less ETH for sale + any return of demand = fast moves when they come.
This isn’t hype.
This isn’t a call for a moonshot tomorrow.
This is the zone where people hesitate…
and where long-term positions usually get built.
ETH doesn’t need excitement right now.
It needs time.
And historically, this is where buying ETH quietly has paid the most.
