"1011 Insider Whale" Agent: View That ETH Price Will Fall Below $2,000 Is Rigid and Foolish

Odaily News "1011 Insider Whale" agent Garrett Jin posted on X platform, stating that without digital asset treasury companies, ETH might have been trapped in a range of $1,400-$4,800 during this cycle until fundamentals changed. However, digital asset treasury companies purchased approximately 5 million ETH and locked it up, altering the long-term supply structure and compressing the downside. The ratio of ETH on exchanges is even lower than that of BTC. Even in a bear market, it is nearly impossible for the ETH price to fall below $2,000. ETH is currently following the institutionalization path of BTC from January 2023 to November 2024. As long as the US stock market does not experience a significant decline, it is inevitable for ETH to reach new highs. Any view that "ETH will fall back below $2,000" is rigid and even foolish.