$ETH Underperformed Because ETH.D was Dying.

For the past 4-5 years, ETH.D remained trapped in a persistent downtrend, which was one of the main reasons ETH failed to perform the way it historically has.

But this Cycle's Structure is Different.

ETH.D found its bottom when ETH was trading in the 1300s back in April 2025.

Just 5 months later, ETH went parabolic and swept its previous ATH after 3.5 years.

And that was only a glimpse of what ETH is capable of when ETH.D starts expanding.

More importantly, during this Bear Market, both ETH and ETH.D have created Higher Lows after bottoming in April 2025.

That is a major structural shift and a clear indication that bullish momentum is returning to ETH.

If ETH.D continues gaining strength here, ETH reaching $5k-$7K this cycle is very realistic.

Because when the lows continue to hold, the market eventually starts reaching for the highs.

The stronger ETH.D gets, the more explosive ETH can become.