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

Ethereum (ETH) is holding below $2,000, leaving many investors underwater as the downtrend extends into February 2026. Despite the sustained weakness, BitMine has maintained a bullish stance on Ethereum. This raises a key question: Is their confidence driven by narrative or sentiment, or is there another factor behind their conviction? Ethereum’s Pain Reaches 9th Decile: What Does That Mean For The Price? In a detailed post on X (formerly Twitter), BitMine highlighted the research by Sean Farrell, Fundstrat’s Head of Digital Asset Strategy, focusing on Ethereum’s realized price. This is an on-chain valuation metric that reflects the average acquisition cost of all coins currently in circulation source: https://beincrypto.com/ethereum-price-recovery-analysis-bitmine/