Sergey Diakov
⬤ Ethereum (ETH) just went through one of its sharpest corrections in months, dropping roughly 46.86% from peak to trough over a 30-day stretch. The chart tells a straightforward story—a clean downtrend line cutting through the noise, no fancy indicators needed. Price simply fell, hard and fast.
⬤ ETH was flirting with 4,900 before the selling started. Now it's hovering closer to 3,000, showing just how quickly sentiment can flip in crypto. This isn't some random blip either. Sharp pullbacks like this have always been part of Ethereum's DNA, and the current move looks like another chapter in that familiar pattern rather than something completely out of left field.
⬤ Here's the twist though—while price is getting hammered, the institutional side of Ethereum is still humming along. Tokenization projects are sticking with ETH as their foundation, and heavyweights like BlackRock and JPMorgan are either building directly on the network or backing projects tied to it. That said, nobody's calling a bottom. The commentary makes it clear that more pain could be coming, and an extended bear market isn't off the table given how risky things feel right now.
⬤ This matters because Ethereum isn't just another coin—it's the backbone for decentralized apps and a testing ground for big institutions experimenting with blockchain. When ETH takes a hit like this, it drags sentiment down across the entire crypto space. But the fact that major financial players are still committed to building on Ethereum suggests there's a disconnect between short-term price chaos and long-term confidence in what the network can actually do.
Sergey Diakov
