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TechFlow news, on April 6, Mechanism Capital partner Andrew Kang posted on X platform saying that he hasn't closely followed the cryptocurrency market over the past few months, but ETH's potential rebound to $1,000–$1,500 this year seems quite likely. However, with the speculative frenzy clearly over, a market cap of $215 billion for an asset with negative growth and profitability is simply absurd—making the bearish argument valid.
Mechanism Capital partner Andrew Kang posted on X, saying he hasn't closely followed crypto over the past few months, but ETH's potential rebound to $1,000–$1,500 this year seems highly likely. However, with clear signs of speculation already fading, a $215 billion market cap for an asset with negative growth and profitability is simply absurd—making the bearish case valid.
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