Bitcoin ($BTC) and altcoins continue to attempt recovery amid bear market conditions. In the recent wave of recovery, Bitcoin has climbed above $72,000 and Ethereum ($ETH) over $2,100.
However, the decline may not be over yet, according to analysis firm CryptoQuant.
If the bear market continues, the price of Ethereum could fall to $1,500, according to Julio Moreno, Head of Research at CryptoQuant.
Julio Moreno told The Block that if the crypto market continues to decline, the price of cryptocurrencies will $ETH It could drop to around $1,500 by the end of Q3 or early Q4 of 2026.
Analysts have identified a “paradox of adoption,” pointing to a wide disconnect between network adoption and price performance.
Analysts currently point out that Ethereum’s daily active addresses recently reached an all-time high, surpassing 2021 bull market levels. $ETH Prices have fallen more than 50% from the cycle peak.
This marks a departure from past trends, where increased network activity typically coincided with higher prices.
CryptoQuant concluded that Ethereum is experiencing structural changes compared to previous cycles, and these changes could cause the price to fall to $1,500 if the bear market continues.
“Whereas previously, growth in network activity and price increases coincided, now the gap between user growth and price trends is widening.”
Mr. Moreno also noted the high rate of foreign exchange inflows. $ETH Showing stronger selling pressure compared to Bitcoin $ETHthis helps explain the poor performance for. $BTC.
Mr. Moreno concluded: $ETH To emerge from a bear market, capital inflows need to increase and foreign currency inflows need to decrease. ”
*This is not investment advice.
