Today ETH is down 11.8% — some honest thoughts about this cycle

Today ETH is down about 11.8% (so far).

And it’s down about 7% against BTC.

And honestly, looking back at this cycle, this has to be one of the weakest bull runs ETH has ever had — probably one of the weakest compared to most major crypto assets in general.

I’m not even talking about price alone, but about expectations versus reality.

If I think about the insane amount of stuff I’ve read on this sub during the past year, it almost feels surreal now. Sometimes I laugh, sometimes I honestly feel bad for the people who bought into every narrative.

Every month it was the same thing.

“5k next month.”

“10k by end of year.”

“Final shakeout.”

“Last chance before liftoff.”

It was always next month. Always next year.

Anyone who dared to question those targets or suggest caution got downvoted immediately. Saying “maybe take some profits” was treated like heresy.

Meanwhile, posts about the flippening, ETH overtaking BTC, ultrasound money saving the world, or ETH becoming the global settlement layer overnight were celebrated like facts instead of speculation.

None of it happened. Not even close.

I’ve seen people mocked for exiting positions or rotating into BTC or stablecoins, while blind optimism was constantly rewarded.

I’m not saying ETH is dead. I’m not saying crypto is over.

But this cycle exposed how powerful echo chambers and hopium can be — especially when price stops cooperating.

If half of the content posted here wasn’t written by bots farming engagement and FOMO, then that’s honestly even more worrying.

Just my 2 gwei.