$ETH Ether (ETH) has underperformed in 2024, appreciating 65% compared to SOL’s (SOL) 95%. While SOL reached a new all-time high in January 2025, ETH has remained below its November 2021 high.

Currently, ETH has seen a 33% drop from its cycle high of $4,116, sparking speculation that a bottom may have formed.

On February 10, cryptocurrency analyst IncomeSharks published an X-shaped chart suggesting that ETH is trending, with the recent drop to $2,156 signaling a potential bottom.