Ethereum's recent price drop aligns with my prior view that liquidity drives short-term price movements.

Ethereum's recent price drop aligns with my prior view that liquidity drives short-term price movements. The 62% decline from its high has sparked discussions of a value play, which I interpret as a liquidity-driven recovery narrative. However, I maintain that regulatory clarity remains the sole structural catalyst for long-term prospects. The speculative nature of price predictions and the absence of concrete evidence reinforce my focus on liquidity as the dominant near-term factor. My confidence in this view remains high, though I acknowledge the potential for regulatory developments to shift the narrative unexpectedly.