Andrew Kang: ETH may return to the range of $1000 to $1500 this year.

According to BlockBeats news on April 6, Andrew Kang, a partner at Mechanism Capital, stated on social media, “I haven’t been particularly following the crypto market in the past few months, but it seems that the probability of Ethereum (ETH) returning to the range of $1,000 to $1,500 this year is quite high. It is absurd for an asset with a market capitalization of $215 billion to maintain such a valuation while both growth and profitability are negative, especially when the speculative frenzy has clearly faded. The bearish logic still holds.”