📉 $ETH fell sharply towards 2500 USDT...
Yes. And that was not due to weakness in Ethereum itself, but rather external factors:
Geopolitical conflicts (like the Israel-Iran one): they create fear → risky assets are sold.
Massive sell-off of BTC ETFs: many large investors take profits → dragging down ETH.
Natural correction: after a mini rally that brought ETH close to 4,000 USDT due to expectations of spot ETFs, it needed a breather.
📈 Why do many believe ETH can rise again soon?
1. The Ethereum ETF is approved (without staking yet):
When it starts functioning fully (July-August), it may attract institutional capital, as happened with BTC in January.
2. ETH staking continues to generate income:
The rewards for holding ETH in staking continue to attract long-term holders.
3. Strong upgrades on the way: The “Pectra” upgrade is scheduled for late 2024. It improves speed, efficiency, and reduces costs → it may incentivize real use in DeFi and NFTs.
4. Many holders are not selling:
More than 60% of circulating ETH is in staking, contracts, or cold wallets. This implies weak bearish pressure.
5. ETH is more “infrastructure” than currency:
It is the foundation of many other cryptos. When they rise → ETH benefits.
🧠 A harsh but real reflection:
> “The best times to buy are not when everything shines, but when everyone's pulse is trembling.”
And I’m not the one saying this; it’s said by everyone from Warren Buffett to Michael Saylor, including Ethereum maximalists. Widespread fear can hide opportunities.
🎯 My opinion?
If you're in ETH, holding makes sense.
If you're out, a price around 2500–2700 USDT is a strategic accumulation zone for the long term.