#VrtrEX💹According to ChainCatcher, Bitmine Chairman TomLee stated that Ethereum may experience a new V-shaped rebound after its recent decline, and may currently be nearing its bottom. He pointed out that since 2018, Ethereum has experienced eight periods of decline exceeding 50%, and all eight rebounded at roughly the same pace, achieving a 100% recovery. Despite the price pressure, on-chain data shows that ETH staking demand remains strong. Currently, the validator entry waiting time has risen to a record high of 71 days, with approximately 4 million ETH in the staking queue, representing 30.3% of the circulating supply (approximately 36.7 million ETH).