According to Odaily Planet Daily, former Wall Street high-yield credit trader Vivek Raman wrote on X: "Although the fierce leverage wash has exceeded all previous crashes, it is still believed that we are currently in the midst of a cryptocurrency renaissance. ETH is still an institutional value storage method like BTC. The Ethereum economy (L1, L2, applications) is still running seamlessly, and the ETH price will still reach $10,000, or even higher."