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Traders say ETH price fell to a “generational bottom,” but historical and network activity data suggest that this is not the case.
Ether (ETH) price has climbed above $1,700 after 16 days of selling pressure caused by macroeconomic uncertainty and a sharp decline in onchain activity. Despite the rebound, Ether has underperformed the broader altcoin market by 23% year-to-date.
Some traders claim that ETH is set for a “generational” bull run by offering a “truly” decentralized and permissionless financial system, but is that really the case?
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Ether was one of the few major cryptocurrencies that did not reach a new all-time high in 2025, unlike competitors such as Solana (SOL), Tron (TRX), and BNB (BNB).