Ethereum Is 42% Below Its All-Time High — So What’s Next?
$ETH dropping under $3,000 has made a lot of people uneasy, but context matters. A 40%+ pullback feels painful in the moment, yet in crypto this is still a normal reset, not a breakdown.
This phase shows up in every Ethereum cycle. Price action disappoints, sentiment turns negative, and most people lose interest. Meanwhile, builders keep shipping. That progress usually doesn’t show on the chart until much later.
If you zoom out, the ecosystem looks stronger than ever. More applications, more users, and real on-chain activity continues to grow. While the market debates $2.8K or even $2.1K, those levels are often where long-term positions quietly begin forming.
ETF flows come and go. Macro pressure pauses things. This is exactly what a mid-cycle shakeout looks like. Bitcoin usually takes the spotlight first, and Ethereum tends to follow once patience runs thin.
Most people only believe in $ETH near the highs. History suggests the real opportunity appears when confidence is low and price feels slow or uncomfortable.
Ethereum has survived much deeper drawdowns before — and every time, it came back stronger.
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