PANews reported on April 6 that Andrew Kang, partner of Mechanism Capital, wrote on the X platform that he had not paid close attention to cryptocurrencies in the past few months, but the possibility of ETH returning to $1,000-1,500 this year seemed very high. With the speculative craze clearly over, it was ridiculous for an asset with negative growth/profit to have a market value of $215 billion, and the bear market argument was established.