"1011 Insider Whale" Agent: The View that "ETH Price Will Fall Below $2,000" is Rigid and Foolish

Odaily 讯 "1011 Insider Whale" agent Garrett Jin stated on platform X 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 exchange balance ratio for ETH 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 U.S. stocks do not experience a significant decline, it is inevitable for ETH to reach new highs. Any view suggesting "ETH will fall back below $2,000" is rigid and even foolish.