Global Market Overview. Part 4.1: ETHEthereum: Fell. Miscalculated. Still Believe.
(Previous post:https://www.tradingview.com/chart/BTCUSD/ecmMaAdq-Global-Market-Overview-Part-4-BITCOIN/)
Let me get straight to the point: I lost over $300,000 during the last Ethereum rally. That’s a fact. And I’m not alone.
But here’s what truly matters: I still consider Ethereum one of the most fundamentally strong assets in the entire crypto market.
And I’ll explain why this drop isn’t a collapse into the abyss — but a temporary breakdown in price mechanics, driven not by fundamentals, but by greed and speculation.
What went wrong?
At first glance, the market behavior made no sense.
While BTC, Solana, XRP — and even meme coins — were being aggressively bought up, Ethereum just... froze.
No breakout. No test of previous highs. Not even a real attempt.
Which is strange, considering:
Ethereum has become a deflationary asset — more ETH is being burned than issued
ETH ETFs have attracted hundreds of millions of dollars
Developers are consistently improving the network and reducing fees
It remains the backbone of both the DeFi and NFT ecosystems
And yet — the price stood still. And then it fell.
Why? Because we are to blame.
Let’s be honest. I made a mistake. Just like millions of others.
Instead of holding ETH on spot, I went long with leverage on futures.
I thought I’d amplify my volume. Boost my profits.
Instead — I amplified my liquidation.
That’s exactly what happened to the market:
ETH futures volume exceeded spot volume
Open interest in long positions skyrocketed
Market makers saw the imbalance — and began systematically flushing out over-leveraged positions
The price didn’t fall because there’s something wrong with Ethereum.
It fell because the market became too one-sided.
Greed became vulnerability — and the market makers took full advantage.
And then came tariffs.
As if the futures flush wasn’t enough, the market got hit with more bad news:
Trump’s administration escalated a new trade war.
Stock indices dropped. The dollar strengthened.
Crypto got slammed again — this time not technically, but macroeconomically.
Now Ethereum is sitting far below its highs.
Disappointment in the eyes of millions.
And yes — heavy losses, including mine.
Will there be a reversal?
Yes. Hell yes.
I don’t know exactly when, but I’m absolutely certain that it will come.
Ethereum will recover.
Why?
There’s fundamental demand. Exchanges are running low. Whales are accumulating and transferring ETH to cold storage.
Technologically, it’s stronger than its competitors. No other L1 or L2 has the developer base or ecosystem Ethereum commands.
The market will get a tailwind. Any de-escalation in the trade war could reignite the entire crypto space.
It’s undervalued. ETH at $2,000 is a floor. In a normal market phase, it’ll trade much higher — significantly.
This isn’t a revenge play. It’s analysis.
I’m not writing this to justify myself.
I’m writing to say this: Ethereum is not dead.
It’s exhausted. Temporarily.
I understand those who sold. It’s human.
But I’m staying. Because unlike hype-driven altcoins, Ethereum is infrastructure.
You can’t replace it.
You can’t bypass it.
You can only ignore it — and regret it later.
Bottom line
Ethereum doesn’t have to move in sync with Bitcoin.
It has its own path.
But that path is not downward.
Right now, it just happens to go through the pain of futures liquidations and media noise.
As soon as Trump exhales, as soon as the rhetoric shifts — the market will see ETH at $2,500 and beyond.
And this growth won’t be speculative — it’ll be based on fundamentals.
Yes, I lost $300K.
But I haven’t lost faith in the asset.
And I’m not going anywhere.
Because Ethereum doesn’t end with this drawdown.
It’s just getting ready for its next phase.
