ETH is down 60% from ATH and sitting near $2K. Glamsterdam upgrade targeting MEV resistance by May. Is this the 2020 accumulation zone all over again?

ETH has retraced ~60% from the August 2025 ATH near $5,000. Painful to watch. But the fundamentals haven't changed — if anything, the roadmap is accelerating.

What's on deck:

• Glamsterdam upgrade targeting MEV resistance — expected May 2026
• Verkle Trees (Hegota) later in 2026 for scalability improvements
• Twitter sentiment still running 55% bullish with 40K+ unique users actively discussing ETH
• Analysts broadly agree a sustained break above $3K opens a path to the $4,500–$6,200 range by year end

At ~$2,000, that's a potential 2-3x if the bull cycle resumes. The last time ETH sat in a drawdown this deep relative to its fundamentals was the 2020 accumulation zone before the run to $4,800.

For those of you who missed that window — does this feel familiar?

Full breakdown with all 5 coins on the watchlist: https://www.cryptobull.org/hot-coins/hot-coins-2026