ROI After Sub-Cycle Bottom (ETH)

Ethereum's cycle lows don't always coincide with Bitcoin's — the 2020 COVID crash and the mid-2022 capitulation were ETH-specific extremes. Each line tracks ETH's multiple from one of those lows, plus its latest 400-day low, on a shared days axis.

Comparing the current recovery against 2018/2020/2022 paths answers whether ETH is tracking its own historical rhythm or breaking it — relevant right now, with ETH's latest drawdown deeper than BTC's.