"Insider Whale 1011" agent: The view that "ETH price will fall below $2000" is rigid and foolish

Odaily Planet Daily reported that the agent of “1011 Insider Whale,” Garrett Jin, stated on the X platform that without digital asset treasury companies, ETH might be stuck in the $1400-$4800 range during this cycle until fundamentals change. However, digital asset treasury companies have purchased about 5 million ETH and locked them up, changing the long-term supply structure and compressing the downside potential. The exchange balance ratio of ETH is even lower than that of BTC. Even in a bear market, it is almost impossible for ETH to fall below $2000. Currently, ETH is following the institutionalized path of BTC from January 2023 to November 2024. As long as the US stock market does not experience a significant decline, reaching new highs for ETH is inevitable. Any view that “ETH will fall back below $2000” is rigid or even foolish.