Seventh 50% drawdown in ETH history

The ETH price recently bottomed at $2,200, a 55% drop against its ATH of $4,812 on November 7th, 2021. That amounts to a loss of more than $280B in market cap, the largest loss in its history.
Source: Tradingview (Coinbase)

Interestingly, a 50% drop in value from ATH takes 38 days on average for ETH. While spectacular and painful, the current drop has been the slowest in history and occurred 75 days after the ATH in November.

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