Ethereum
ETH-USDLeading smart contract and decentralized application blockchain platform.
As of Nov 5, 2026, Ethereum (ETH-USD) closed at $2,238.01, representing a -53.68% drawdown from its all-time high of $4,832.07 recorded on Aug 22, 2025 (440 days ago). Returning to all-time high requires a +115.9% gain.
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Historical Maximum Drawdowns & Annual Drops
Deepest peak-to-trough drop recorded within each calendar year.
Over the last 10 completed years, Ethereum experienced an average intra-year drawdown of -58.7% lasting an average of 137 days peak-to-trough, with its deepest drawdown reaching -94.0% in 2018.
| Year | Max Intra-Year Drawdown | Peak High | Bottom Trough | Peak-to-Trough | Yearly Return |
|---|---|---|---|---|---|
| 2025 | -60.04%Bear Market | Jan 6, 2025 $3,687.45 | Apr 8, 2025 $1,473.41 | 92 days | -10.97% |
| 2024 | -45.26%Correction | Mar 11, 2024 $4,064.80 | Sep 6, 2024 $2,225.23 | 179 days | +46.27% |
| 2023 | -27.33%Correction | Apr 16, 2023 $2,118.67 | Oct 12, 2023 $1,539.61 | 179 days | +90.77% |
| 2022 | -74.01%Bear Market | Jan 2, 2022 $3,828.27 | Jun 18, 2022 $995.13 | 167 days | -67.46% |
| 2021 | -57.20%Bear Market | May 11, 2021 $4,173.45 | Jul 20, 2021 $1,786.03 | 70 days | +399.20% |
| 2020 | -62.19%Bear Market | Feb 14, 2020 $285.15 | Mar 12, 2020 $107.82 | 27 days | +470.16% |
| 2019 | -64.09%Bear Market | Jun 26, 2019 $339.39 | Dec 17, 2019 $121.88 | 174 days | -1.74% |
| 2018 | -93.97%Bear Market | Jan 13, 2018 $1,388.02 | Dec 15, 2018 $83.76 | 336 days | -82.09% |
| 2017 | -44.60%Correction | Sep 1, 2017 $388.46 | Sep 14, 2017 $215.21 | 13 days | +143.04% |
Compare with Other Drawdowns
Ethereum Historical Maximum Drawdown & Bear Market History
Historical Maximum Drawdowns & Major Crashes
Ethereum has experienced severe cyclical contractions following major speculative peaks. After surging to an initial high of $1,432 in January 2018, Ethereum crashed -94.2% over 340 days down to a cycle low of $82.83 in December 2018. In the 2021–2022 cycle, after reaching an all-time high of $4,891 in November 2021, the asset plunged -82.4% over 218 days to a June 2022 low of $881.
Typical Pullback Frequency
As the primary smart contract layer with high decentralized finance (DeFi) beta, Ethereum exhibits amplified volatility relative to Bitcoin. Pullbacks of -25% to -40% occur repeatedly throughout bull runs, while macro liquidity contractions consistently compress prices by -80% or deeper.
Historical Recovery Timelines
Recovering from its 2018 peak required 1,113 days (over 3 years), with new highs finally established in January 2021. The subsequent 2021 bear market cycle has shown a similar multi-year recovery curve, with Ethereum spending over 2.5 years navigating consolidation before challenging previous peaks.