ChainCatcher News, Bitmine Chairman Tom Lee stated that Ethereum may experience a new V-shaped rebound after a recent decline, and it may already be close to the bottom range. He pointed out that since 2018, Ethereum has gone through 8 decline cycles with drops of more than 50%, and all 8 have rebounded at similar speeds and achieved 100% recovery.
Despite the price being under pressure, on-chain data shows that ETH staking demand remains strong. Currently, the waiting time for validator entry has risen to a record high of 71 days. The queued staking amount is about 4 million ETH, with the total staked amount accounting for 30.3% of circulating supply (approximately 36.7 million ETH).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
TD Cowen Cuts Strategy Target but Starts Sharplink at Buy on Ethereum Treasury Model
TD Cowen adjusted its price target for Bitcoin-focused Strategy while maintaining a positive outlook, contrasting it with its new buy rating for Ethereum-based Sharplink, which offers a more active digital asset growth model through staking.
CryptoNewsFlash2h ago
Cumberland-linked wallets withdrew 26.5k ETH from multiple CEXs, worth $59.52 million
Gate News message. On April 11, according to Lookonchain monitoring, within the past 12 hours, a wallet associated with Cumberland (address 0x091...336) withdrew 26.5k ETH worth $59.52 million from multiple CEXs.
GateNews2h ago
Ethereum Activity Hits All-Time High With 1.3M Transactions
Ethereum's network usage is surging, averaging over 1.3 million transactions daily, with nearly 2 million wallets active. Staking has grown, securing over $85 billion in ETH, indicating long-term confidence despite stable prices around $2,100. This reflects strong fundamentals that may suggest future price increases.
Coinfomania2h ago
Whale's 50,000 ETH Long Position Shows $11.29M Floating Profit
Gate News message, a whale holding a 50,000 $ETH long position with 20x leverage, valued at $111.9M, currently has a floating profit exceeding $11.29M as the market rises.
GateNews3h ago
BlackRock withdrew 3,741 BTC and 41,075 ETH from a certain CEX, totaling approximately $364 million in value
Gate News message: On April 11, according to monitoring by Onchain Lens, BlackRock withdrew 3,741 BTC (worth $272.49 million) and 41,075 ETH (worth $92.00 million) from a certain CEX. The total value of the two transfers is about $364 million.
GateNews4h ago
