Layer 1 · rank #2 · blue chip

Ethereum ETH

$2,503-0.4% 1d+1.5% 7d+30.7% 30d

Phoenix · monthly · score 49.8 mixed

Monthly: forming bar is a green inside bar. Last confirmed swing low 1,505 (Jun 2026), month 3 of a cycle that has typically run 8. Cycle-low confidence 43%.
Weekly: forming bar is a red inside bar. Last confirmed swing low 1,820 (Aug 2026), week 6 of a cycle that has typically run 4. Current low 2,355 is unconfirmed — it confirms above 2,547. Cycle-low confidence 22%.
Daily: bar is a red inside bar. Last confirmed swing low 2,355 (2026-09-02), day 5 of a cycle that has typically run 5. Cycle-low confidence 35%.
Phoenix: 70% decline over 10 months, monthly swing low confirmed (late (2 bars)), now +66% above the trough; pullback #2 confirmed 2026-08-23.
Gauges: Mayer multiple 1.23 (neutral); -0% vs the 200-week average; -48% from the all-time high.

From the peak to today, log scale

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

stopped falling, by the rules

Score 49.8

CoinGecko + DefiLlama, pulled 2026-09-07 .xlsx

Health64 / 100 · Sound

Liquidity (24h volume / market cap) can you get out	3.29 %	9.3 / 15
Supply overhang (FDV / market cap) unlocked supply waiting to sell	1.0 x	15.0 / 15
Size (market-cap rank) survivorship	2 #	15 / 15
Usage (price / annualized fees) fees people actually pay to use it (DefiLlama)	2336.8 x	0 / 20
TVL backing (market cap / TVL) capital parked in it (DefiLlama)	6.16 x	6.4 / 15
Fee momentum (30d vs prior 30d) is usage growing into the recovery	37.4 %	8.7 / 10
Age on Coinbase survived a cycle	6.0 yrs	10.0 / 10

7 of 7 measurable; score renormalized over what was measurable.