Ethereum Price Just Hit a Level It First Touched 5 Years Ago: Is This the Bottom or the Beginning of More Pain?

Five years. Zero net return. Ethereum price trades at $2,328 today, the same level it first touched on April 27, 2021, a data point that lands harder than most weekly candles. ETH posted a modest −0.50% in the last 24 hours, drifting near the midpoint of a channel that has contained price since early February. The question traders aren’t asking loudly enough: is this compression a coil, or a ceiling?ETH has she…