Tom Lee, head of research at Fundstrat, anticipates a swift recovery for Ethereum. He notes that since 2018, the second-largest cryptocurrency has demonstrated a strong rebound after significant corrections on eight occasions.
$ETH 100% V-Shape Record 👀
— SamAlτcoin.eth (@SAMALTCOIN_ETH) February 11, 2026
Tom Lee highlights Ethereum's eight V-shaped recoveries since 2018.
Tom DeMark, whose models are followed by macro legends like Paul Tudor Jones and used across institutional desks, says a final undercut near $1,890 would “perfect” the bottom.
That… pic.twitter.com/j9zWoUOLgP
Speaking at a conference in Hong Kong, the analyst urged investors to remain calm.
He reminded attendees that from January to March last year, Ethereum's price fell by 64%.
“However, in each of the eight correction instances, the chart formed a V-shaped recovery. The asset rebounded in 100% of cases almost as quickly as it fell,” the analyst emphasized.
Lee is confident that the fundamentals remain unchanged and that Ethereum is poised for another rapid rebound.
Is the Bottom Near?
BitMine analyst Tom DeMark has identified the $1,890 level as a likely bottom for Ethereum's price.
“We believe Ethereum is indeed close to its lows. The situation resembles that of fall 2018, fall 2022, and April 2025,” Lee stated.
The analyst advised against fixating on finding the perfect entry point:
“If a decline has already occurred, one should look for entry opportunities rather than selling.”
On February 6, Ethereum's price on Binance dropped to $1,747, just above the 2025 low of $1,400.
The asset failed to hold above the psychological level of $2,000. At the time of writing, Ethereum is trading at $1,981, having fallen 36% over the past 30 days.
Demand for Staking
Despite the sluggish price movement, interest in staking remains high.
According to ValidatorQueue, the queue has reached a historic maximum of 71 days, with a record 4 million ETH awaiting deposit into the smart contract.
Staking coins now account for 30.3% of the total supply (36.7 million ETH, ~$72.7 billion), also a new high.
Analyst Milk Road described this trend as a "massive supply constraint."
“A third of all coins are out of circulation, yielding a modest 2.83% annually. While this isn't the most attractive return in the crypto market, the queue continues to grow,” the expert noted.
He added that the locking up of coins worth over $70 billion amid falling prices indicates not speculation, but a willingness among investors to play the long game.
It’s worth noting that Ethereum's share on exchanges has declined for six consecutive months due to surging demand for staking.