Why believing in the long term pays off, from Gemini: Key Ethereum Drawdowns Ethereum is known for its significant volatility, and has experienced several major corrections throughout its history. ~94% Drop (2018): The most substantial and deepest drawdown in ETH's history. The price bottomed out in December 2018, and it took approximately three full years for the price to surpass its previous all-time high. ~90% Drop (Jan 2018 - Jan 2021): This drawdown period was the longest, lasting around three years in total. ~75% Drop (Nov 2021 - Present as of late 2024): A significant ongoing drawdown that followed its all-time high in November 2021.