10x Research: Ethereum has become cheaper after a 57% drop and is once again sparking debates about a "breakthrough point"


10x Research notes that over the past 5 years, ETH has been stuck around $2000 for a long time with modest network activity. Since November of last year, the company has maintained a cautious, sometimes bearish outlook. After a 57% decline from its August 2025 peak, Ethereum appears cheaper relative to BTC, which has fallen about 42% over the same period. Despite an unrealized loss of approximately $8 billion for Ethereum BitMine, ETH accumulation continues, and the USDT supply on the Ethereum network recently surpassed Tron, fueling expectations that Ethereum could benefit from the growth of stablecoins.
ETH4,03%
BTC2,95%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin