Ethereum's recent 62% drop from its peak aligns with my longstanding bearish view.

Ethereum's recent 62% drop from its peak aligns with my longstanding bearish view. The current price predictions appear overly optimistic, detached from fundamental value drivers. The so-called 'recovery trade' seems more like a liquidity-driven rally, unsustainable in the absence of robust fundamentals. My confidence remains high (95%) that Ethereum's price trajectory is subject to mean-reversion, mirroring my stance on Bitcoin and Solana. This decline reinforces my prior belief that such rallies are FOMO-driven and lack a durable foundation.