Odaily Planet Daily reports that Ethereum treasury company Bitmine Chairman Tom Lee stated in an interview that over the past 8 years, Ethereum has experienced 7 drawdowns of more than 60%, and each of these declines was followed by a rapid recovery. He pointed out that these movements typically involve a sharp decline followed by a quick rebound.
Tom Lee also mentioned that if the current crypto market is in a bottoming phase, there is a possibility based on some market performances, and he cited Strategy’s recent approximately 25% rebound as one of the factors to watch. He said that historical experience shows that such recoveries often feature relatively quick repairs. (CNBC)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ethereum Foundation nearly reaches 70,000 staked ETH goal
The Ethereum Foundation staked over 45,000 ETH recently, nearing its goal of 70,000. This strategy aims to generate funds for development and address community concerns over treasury management. Concerns about centralization and hard forks are also noted.
Cointelegraph1h ago
Ethereum Foundation quietly completes its $143M ETH staking mission
The Ethereum Foundation has completed its 70,000 ETH staking mission, depositing approximately 45,000 ETH worth around $93 million in a single on-chain session on April 3
Summary
The Ethereum Foundation deposited approximately 45,000 ETH in a single session on April 3, completing the 70,000 ETH
Cryptonews4h ago
Top 4 Cryptos to Buy in 2026: BlockDAG, Ethereum, Solana, & XRP Are Poised for Growth
The window of opportunity in the digital asset market is closing faster than most retail traders realize. As we move through the final days of March 2026, a clear divide has formed between those watching from the sidelines and those positioning themselves for a historic Q2. Smart money is no
BlockChainReporter6h ago
Schwab Wealth Management launches cryptocurrency trading services, initially supporting BTC and ETH
Charles Schwab will launch a cryptocurrency trading service called “Schwab Crypto” on its investment platform on April 3, initially supporting trading in Bitcoin and Ethereum and covering most states in the United States. The service has been developed by its subsidiary. Charles Schwab has previously offered related ETF products and supported trading on the EDX Markets exchange.
GateNews7h ago
Bitcoin, Ethereum and Solana ETFs Record Mixed Net Flows on April 3
Gate News message, according to the April 3 update, Bitcoin ETFs recorded a 1-day net outflow of 21 BTC (approximately $1.39 million) and a 7-day net outflow of 3,616 BTC (approximately $240.99 million). Ethereum ETFs saw a 1-day net outflow of 15,212 ETH (approximately $31.14 million) and a 7-day n
GateNews9h ago
