Ethereum Struggles Below $2,000, Yet BitMine Sees Rebound: Here’s What They’re Watching

The article discusses Ethereum's price struggling below $2,000, putting the average holder at a loss. However, BitMine remains bullish, citing research from Fundstrat's Sean Farrell. The analysis focuses on Ethereum's 'realized price,' which is the average acquisition cost of all coins in circulation. With the realized price at $2,241 and the trading price around $1,934, the average holder is at a 22% loss. The article compares this to previous bear markets and suggests that based on historical data, the risk/reward for ETH is positive in the long term.