Opinion: Ethereum's recent pullback is more like a "value reset," and the fundamentals remain solid after the liquidation wave.

Sam Tabar, CEO of Bit Digital, stated in an article on the X platform that Ethereum's recent pullback was more like a "value reset." The market experienced a rapid revaluation after a significant influx of leverage, with a wave of liquidations leaving clear traces of market correction. The combined pressure from both long and short positions amplified volatility. Now that the market has stabilized, Ethereum's price has returned to the structural support range of $1,800 to $2,100. Currently, Ethereum's fundamentals have not changed substantially: stablecoin settlements are active, rollups remain pegged to the mainnet, and Ethereum remains the preferred choice in programmable settlement scenarios requiring institutional risk vetting. Market bottoms are usually only confirmed in hindsight, but this event demonstrates how leverage can quickly distort market trends, while Ethereum's long-term value and fundamentals remain solid.