Odaily Planet Daily reports that the crypto research firm 10x Research posted an analysis on the X platform indicating that Ethereum is at a critical stage where both valuation and fundamentals are being tested. The market needs to determine whether its current downturn is a cyclical bottom or if it is facing deeper structural damage. Ethereum’s treasury company Bitmine currently bears an accounting loss of approximately $8.8 billion, exceeding the roughly $8 billion loss experienced by FTX customers during its initial collapse. The company’s large-scale ETH accumulation amid weakening demand and ETH prices approaching April 2021 levels has further fueled market controversy. This comparison highlights the potential for significant divergence in capital allocation outcomes, as well as how timing and governance decisions can ultimately determine the long-term value creation. Ethereum’s current trading price has approached a key valuation and cost zone, and its core value proposition is now facing a structural test. Investors should carefully assess whether Ethereum is in a cyclical trough or entering a deeper phase of structural damage.
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
Distributed Shenbo: Set Bounty to Recover Approximately $42 Million Stolen Three Years Ago
Shen Bo, founder of Distributed Capital, had his personal wallet compromised in November 2022, resulting in losses of approximately $42 million. After three years of tracking, the team has obtained key leads and is publicly soliciting information from those who can provide clues, offering rewards of 10%-20% based on contributions. Approximately $1.2 million in assets has been frozen so far, and the team has expressed gratitude to individuals and teams who have continuously provided assistance.
BlockBeatNews5m ago
Google Sets 2029 Target for Post-Quantum Cryptography Migration, Six Years Ahead of Government Goal, Crypto Industry Must Keep Pace
Google announced 2029 as the deadline for completing post-quantum cryptography migration across all products, six years ahead of the U.S. government's 2035 target. Quantum computing poses a threat to current cryptographic methods, with major blockchains adopting different response strategies. The Bitcoin community holds divided views on the risks, while Ethereum plans to provide corresponding protections by 2029. Time is tight, and industry action needs to accelerate.
動區BlockTempo12m ago
Startale Group Secures $63 Million Series A Funding, Backed by SBI and Sony
Startale Group announced the completion of a $63 million Series A funding round. The funds will be used to expand tokenized securities infrastructure, promote yen stablecoins, and upgrade applications. The company's partnerships with SBI and Sony will accelerate the adoption of Japanese stocks and stablecoins, while exploring synergistic opportunities between blockchain and entertainment.
MarketWhisper22m ago
Visa Joins Canton, First On-Chain Governance Proposal Officially Approved
Visa recently became a super validator of Canton Network and obtained the highest voting weight, marking its first participation in blockchain governance. Visa will advance institutional partnerships, expand stablecoin business, and directly participate in governance decisions. Canton provides privacy protection, which is particularly important for traditional financial institutions, and emphasizes that Visa will not abandon other blockchain deployments.
MarketWhisper32m ago
Technical Analysis March 26: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, BCH, LINK
Bitcoin (BTC) is currently trading around 71,342 USD, continuing to encounter strong resistance at the 72,000 USD level. Nevertheless, the bulls are maintaining considerable pressure. Trader Daan Crypto Trades stated on X that BTC needs to break through and hold firmly above this zone to have a chance to "retest the 80,000 USD mark".
The market is inherently dry
TapChiBitcoin1h ago
