ETH is back where it was in 2022. Not 2021 There's a difference. People keep sharing the 5 years, same price chart with $2053 for both 2021 and 2026. The 2021 number is just wrong ETH was around $4700 in November 2021 . Today it's $2050 . That's not stagnation. That's a 56% drawdown from five years ago and an even uglier drop from the August 2025 high of $4950 . What's actually happening right now • A whale sold 6532 ETH at an average of $2085, eating a $31 million loss on a position bought at $2691 • ETH ETFs bled $145 million in a single day, with BlackRock's ETHA alone seeing $129.8 million leave • A wallet tied to the Ethereum Foundation sold another 1000 ETH $2000 is the psychological line. Below that, $1900-$1950 is the next zone .