Andrew Kang: ETH May Return to the $1000 to $1500 Range This Year, Current Market Value Detached from Fundamentals

BlockBeats News, April 6th, Mechanism Capital partner Andrew Kang stated on social media, "I haven't been paying special attention to the crypto market in the past few months, but now it seems that the probability of Ethereum (ETH) returning to the $1000 to $1500 range this year is very high."

"An asset with a market value of up to $215 billion, maintaining such a market value in a situation where both growth and profitability are negative, is truly absurd, especially in the current post-hype bubble period. The bearish logic still holds."