Ethereum is DEAD!
Let's take a look at the data:
January, 2018: $1,100 ETH
January, 2019: $100 ETH
A price reduction of 90% in a single year. Noted as a "high risk speculative asset." Ethereum is DEAD.
January, 2019: $100 ETH
November, 2021: $4600 ETH
A price increase of 4600% in a single year. The rise of NFT's, and smart contracts. The COVID-era crowd got a taste of on-chain capability.
November, 2021: $4600 ETH
June, 2022: $1100 ETH
A price reduction of almost 80%. Fed tightening, and crypto confidence fell. No liquidity left. Crypto is overhyped. Ethereum is DEAD.
June, 2022: $1100 ETH
May, 2024: $3800 ETH
A price increase of over 300%. No more panic. New bull cycle beginning. U.S. Spot ETF's speculation. Institutional interest, and adoption.
May, 2024: $3800 ETH
April, 2025: $1600 ETH
A price reduction of almost 60%. Bear market has begun. Retail switched to Bitcoin. ETF bubble has fadded. Ethereum is DEAD.
April, 2025: $1600 ETH
August, 2025: $4800 ETH
A price increase of over 300%. Market has turned. Short squeeze in full effect. Massive institutional buying, ETF inflows and regulatory optimism.
August, 2025: $4800
June, 2026: $1500
A price reduction of almost 70%. Altcoins are dead. Crypto is dead. A perfect storm of macro shocks, forced selling, ETF outflow and Ethereum-specific structural weaknesses. Etherem is once again... DEAD.
Well... here we are again.
Ethereum RSI hit 15 on June 5th. This is the first time it has EVER been recorded since tracking began in 2015.
> In the last 24 hours, over 1B of longs liquidated.
> 17-day ETF outflow streak at 300M weekly.
> 50% of supply held at a loss.
Ethereum will continue to be DEAD, until it is once again alive.
There has literally never been a time where Ethereum has been more oversold than today.
Good luck to all you degenerates out there.
Personally, I like my chips with the dip.
I am ALL in.