Bit Digital CEO: Ethereum has stabilized in the $1800–$2100 range, and the recent pullback is more like a "value reset"

ChainCatcher News, Bit Digital CEO Sam Tabar posted on X platform stating that recent Ethereum market movements resemble a "value reset." After a significant increase in market leverage, rapid revaluation occurred, leaving clear signs of liquidation during the sell-off, with long and short squeezes amplifying volatility.

Now that the market has stabilized, Ethereum's price has returned to the structural support range of $1,800 to $2,100. Currently, Ethereum's fundamentals have not changed substantially: stablecoin settlement remains active, Rollups are still anchored to the mainnet, and in programmable settlement scenarios that require institutional risk review, Ethereum remains the top choice.

Market bottoms are usually only confirmed in hindsight, but this event shows how leverage can quickly distort market trends, while Ethereum's long-term value and fundamentals remain solid.