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

ChainCatcher news, Bit Digital CEO Sam Tabar posted on X stating that the recent Ethereum market movement is more like a "value reset." After a significant influx of leverage, the market was quickly re-evaluated, leaving clear liquidation traces from the wave of forced closures, and the two-way squeeze between longs and shorts amplified volatility.

Now that the market has stabilized, Ethereum's price has returned to the structural support range of $1800 to $2100. Currently, Ethereum's fundamentals have not undergone any substantial changes: stablecoin settlements remain active, Rollup is still anchored to the mainnet, and in programmable settlement scenarios that require institutional risk review, Ethereum remains the top choice.

The market bottom can usually only be confirmed in retrospect, but this event shows how leverage can quickly distort market trends, while Ethereum's long-term value and fundamentals remain solid.