Tom Lee: Ethereum has experienced eight major drops in eight years. On February 11, Tom Lee, Chairman of Bitmine, stated at the Consensus conference in Hong Kong that since 2018, Ethereum has had eight instances of dropping over 50%. However, each time it has formed a V-shaped recovery and nearly completed the recovery at a similar pace. He believes that the overall reversal of the crypto market still requires Bitcoin to lead, and Bitcoin must wait for gold's performance to weaken. In this context, he assesses that Ethereum is close to a phase bottom range, and current focus should be on potential opportunities rather than being overly fixated on precise bottom fishing. Source: Consensus