Ethereum erased all gains since March 2021, trading near break even

Cointurk2026/06/20 14:42

By:Cointurk

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

The recent downturn in Ethereum’s price has taken the cryptocurrency’s value back to levels last seen in March 2021. As market volatility continues, the latest data shows that despite sharp cycles of gains and losses in recent years, ETH investors are now effectively back to break even.

Five-year performance under scrutiny Why investors are watching $1,060 Potential targets shape the technical picture

Five-year performance under scrutiny

According to figures shared by crypto analyst Ali Martinez, a $10,000 investment made in Ethereum around March 2021 is currently worth roughly the same amount. This means that despite periods of aggressive rallies and steep pullbacks, ETH has failed to generate a net price increase over this timeframe.

While this might appear weak at first glance, Martinez argues that the data could actually point to a constructive technical setup. He notes the market has returned to a crucial support area that has been tested in the past, which could influence future price action.

Ali Martinez states that even though Ethereum has experienced high volatility, sharp surges, and significant declines since March 2021, the net price change remains flat. He emphasizes that this structure marks a new phase of testing, and highlights $1,060 as a decisive level for ETH’s next direction.

Why investors are watching $1,060

Martinez singles out the $1,060 price point as a critical threshold for Ethereum. According to him, this region previously attracted strong buying interest during similar market cycles. Whether ETH can hold above this level is seen as key for shaping its short- and medium-term outlook.

Ethereum is known as the largest crypto asset after Bitcoin by market value. Its network remains one of the most widely used platforms for decentralized applications and smart contracts, retaining its core role in the ecosystem.

Potential targets shape the technical picture

Based on Martinez’s scenario, if ETH can close consistently above $1,060, it may gain upward momentum. The first bullish target in such a scenario would be $2,850, while a stronger move could see prices approach $4,630.

On the other hand, there is no clear sign that downward pressure has been fully alleviated. If ETH fails to maintain the $1,060 threshold, the market may continue searching for a new direction.

The latest developments show analysts are closely monitoring Ethereum not only for its historical performance but also for the technical thresholds immediately ahead. In particular, price behavior around $1,060 is drawing attention, as many view it as the potential staging ground for the next major move.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.

华尔街见闻•2026/11/12 03:56

The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners

If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.

The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.

华尔街见闻•2026/11/12 03:46

After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends

Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.

智通财经•2026/11/12 03:42

After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends

Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%

For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.

智通财经•2026/11/12 02:47