In every prior cycle, Ethereum followed a predictable pattern of pain.
Weekly close below key moving averages.
Bearish crosses that signaled months of bleeding.
Then the inevitable capitulation that shook out believers.
The historical damage was severe:
2018: ETH crashed 94% from $1,420 to $80
2021-2022: ETH dropped 82% from $4,878 to $880
Those weren't dips. They were obliterations that reset the entire market.
But this cycle? Ethereum is behaving differently.
Despite brutal drawdowns, $ETH has shown:
Resilient demand at lower levels
Faster bounces than historical norms
Growing on-chain activity that refuses to die
The old script called for a complete breakdown by now.
Instead, we're watching Ethereum adapt in real-time.
This doesn't guarantee we moon tomorrow.
It means trading ETH like it's 2018 or 2021 might leave you wrong.
The real question isn't: "Will ETH dump 80-90% like before?
It's: "What if Ethereum's structure has fundamentally changed?"
Are you repeating yesterday’s moves or learning from today’s on‑chain activity?
