Mechanism Capital Partner: The possibility of ETH returning to the $1000-1500 range this year seems very high

ChainCatcher news, Mechanism Capital partner Andrew Kang posted on X platform that he hasn't closely followed cryptocurrencies in the past few months, but the possibility of ETH returning to the $1000-1500 range this year seems quite high. Given that the speculative frenzy has clearly passed, it is absurd for an asset with negative growth/profitability to have a market cap of $215 billion; the bear market argument holds.