A close read of monthly chart structure across Ethereum and the altcoin market cap excluding the top 10 reveals a striking parallel: both have traced nearly identical drawdown profiles and time cycles since the November 2021 peak. Ethereum's 82% peak-to-trough decline mirrors the broader altcoin basket's 85% drop, and both charts now sit roughly 1,600 days from that high — the same duration that preceded a 1,200–1,300% expansion phase in the prior bull cycle.
The catalyst argument centers on macro: PMI expansion, Fed liquidity, and a productivity boom that hasn't yet materialized. When it does, the analysis suggests altcoins won't just participate — they'll likely outperform Ethereum, precisely because institutional money has been quietly positioning into names like Chainlink while retail sentiment has written the sector off entirely. <a class="ticker-mention" href="/en-US/token/eth">ETH</a> spot ETFs are already outpacing Bitcoin ETF…
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