Ethereum's Historical Volatility and Potential Market Recovery

Ethereum has experienced significant volatility over the past eight years, according to BitMine Chairman Tom Lee. According to Foresight News, Lee noted in an interview that Ethereum has undergone seven instances of over 60% declines during this period. However, each of these downturns was followed by a V-shaped recovery, characterized by a sharp drop and a rapid rebound. Lee suggested that the crypto market might be bottoming out, as current indicators point to this possibility, especially considering a recent approximately 25% rebound in Strategy. He emphasized that the speed of the decline often mirrors the pace of recovery.