#ETHEREUM Performance Overview:
2018: Dropped 94% from all-time high
2021: Rallied 5,200% from the bottom
2022: Fell 82% from the top
2023: Traded flat for an entire year
2024: Lagging behind Bitcoinโs performance
Network Fundamentals:
Post-Merge Supply: Decreased by 493K ETH
Staked ETH: 32.8M (~$120B)
ETF Approval: Had little to no impact
ETH Burned: 4.4M (~$15B in value)
Dominance: At its lowest since 2018
Despite having the strongest fundamentals in the crypto space, $ETH continues to underperform $BTC:
#ETH dominance has declined from 21% to 17%
Itโs still being priced like an altcoin.
