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Bit Digital CEO: Ethereum has stabilized in the $1800–$2100 range, and the recent pullback seems more like a "value reset."
Bit Digital CEO Sam Tabar posted on the X platform that the recent Ethereum market resembles a "value reset," with market leverage rapidly entering and then quickly reassessing, leaving clear traces of liquidation due to a wave of forced closures, and the bid-ask squeeze amplifying volatility.
Now that the market has stabilized, the price of Ethereum has returned to the structural support range of $1800 to $2100. Currently, there has been no substantial change in Ethereum's fundamentals: stablecoin settlements are active, Rollups are still anchored to the mainnet, and in programmable settlement scenarios that need to meet institutional risk assessments, Ethereum remains the preferred choice.
Market bottoms are usually only confirmed in hindsight, but this event demonstrates how leverage can quickly distort the market, while Ethereum's long-term value and fundamentals remain solid.
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