Tom Lee: ETH may already be close to the bottom range, and after eight historical 50% declines, it has always recovered in a V shape.

MarsBitNews · 2026-02-12T06:36:42+00:00

Bitmine Chairman Tom Lee pointed out that Ethereum may soon experience a V-shaped rebound, currently near the bottom. He analyzed the rebound patterns of Ethereum since 2018 and noted that despite price pressure, ETH staking demand remains strong, with staking wait times reaching a historic high.

MarsBitNews

2026-02-12 06:36:42

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Mars Finance reports that Bitmine Chairman Tom Lee stated that Ethereum may experience a recent decline followed by a new V-shaped rebound, and it may already be close to the bottom range. He pointed out that since 2018, Ethereum has gone through eight decline cycles with drops of more than 50%, and all eight 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, with approximately 4 million ETH queued for staking. The total staked amount accounts for 30.3% of the circulating supply, about 36.7 million ETH.

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