🤔 Why I believe $ETH may not drop much lower from here
1️⃣ ETH is already down ~66% from its ATH ($4,890).
Historically, major opportunities often appear after deep corrections. A large portion of the downside risk may have already been priced in.
2️⃣ ETH is trading near a major weekly support zone ($1,500–1,700).
This area has previously acted as strong support, where buyers consistently stepped in and demand outweighed selling pressure.
3️⃣ ETH has become a deflationary asset.
Since EIP-1559, part of the transaction fees is permanently burned. Over time, this reduces ETH's net supply growth, potentially increasing scarcity.
4️⃣ Millions of ETH are locked in staking.
Staked ETH is removed from active circulation, reducing immediate selling pressure and strengthening the long-term supply dynamics.
5️⃣ ETH remains the dominant smart contract ecosystem.
Ethereum continues to lead in DeFi, stablecoin settlement, TVL, and developer activity. Strong fundamentals make it more resilient during market downturns.
No one can predict the exact bottom. However, current conditions suggest that ETH may be entering an accumulation phase rather than a panic-selling phase.
Do you think $ETH is undervalued at current levels? 👇