Ethereum ($ETH) is moving towards a point never before faced. The second-largest cryptocurrency has yet to post a loss for three consecutive quarters in its entire history. However, that streak is currently under pressure as Ether appears to be losing momentum.
According to CoinGlass data, Ether turned negative in the fourth quarter of 2025. The first quarter of 2026 will follow the same path, with the second quarter currently underway. The traders are $ETH A historic third consecutive quarterly decline may be avoided. It’s up more than 11% so far this quarter.
Back in 2022, Bitcoin had a year of red indexes every quarter. Ether managed to break the negative cycle of three consecutive quarters of the year, posting a 24% profit in the third quarter. However, it still reported a loss of almost 10% in the fourth quarter. Since then, the second-largest cryptocurrency has only reported two consecutive quarters of losses.
Is the ether under pressure?
The background is not particularly encouraging $ETH It has fallen over 35% against Bitcoin over the past year. According to the chart, the price of Ether has fallen more than 21% since the beginning of this year. Bitcoin has followed a similar trajectory, remaining down 6% over the same period. $BTC We succeeded in maintaining an advantage of over 60%.
Ether has been steadily losing value compared to Bitcoin. It recently hit a “ceiling” and is currently below a major support level. This reflects the big crash starting in 2024. Analysts believe that if this downturn continues, $ETH could fall by another 40% against $BTC.
Currency data raises new questions about sell-side pressures. According to CryptoQuant, Binance’s $ETH Reserves increased to 3.62 million $ETH. This represents almost 24.6% of all Ether held on exchanges. Such a spike is often seen as a sign of an upcoming selloff, as traders may be preparing to sell into the market. Ether’s open interest has increased slightly over the past 24 hours.
Ethereum price has fallen about 2% in the past seven days, but is still up 3.3% in the past 30 days. $ETH At the time of writing, it is trading at $2,337. Bitcoin is on a gradual upward trend. $BTC The price has increased by more than 2% in the past 7 days and by almost 12% in the past 30 days. At the time of writing, Bitcoin is trading at $81,920.
teeth $ETH Enter Cryptospring?
Not everyone is convinced that the situation is bearish. Some market participants noted that there is renewed panic regarding recent sales by the Ethereum Foundation. Some argue that this reaction is overkill.
Ethereum Foundation holds regular sales $ETH. We sold some of our holdings to cover operating costs. This includes grants, salaries and development funds. Cryptopolitan reported that the foundation’s unstaking efforts, valued at approximately $49.6 million, have sparked new speculation online. However, this does not confirm that the dump is being received.
Institutional accumulation has not disappeared. BitMine Immersion Technologies may have slowed down, but it didn’t stop. The company remains the world’s largest Ethereum treasury company. The company purchased an additional 26,659 units. $ETH last week. As a result, the total number of holdings exceeded 5.2 million $ETH. This corresponds to approximately 4.3% of Ethereum’s circulating supply. Currently, more than 90% of these holdings are staked through BitMine’s MAVAN staking platform.
Tom Lee said the company deliberately slowed down its purchasing pace after purchasing more than 100,000 units over several weeks. $ETH Week by week. BitMine would then be on track to own 5% of the total supply by mid-July.
He highlighted two main drivers of Ethereum’s future: tokenization on Wall Street and the move towards agent AI. Lee added: $ETH If it closes above $2,100 at the end of May 2026, this will be the third consecutive month of increases. This could ensure that a bear market in cryptocurrencies never occurs. Therefore, a closing price above $2,100 will prove that “cryptocurrency spring” has arrived. ”
The inflow of funds into virtual currency ETFs also suggests that institutional sentiment is stabilizing. Cryptocurrency ETFs saw approximately $857.9 million in inflows last week. Last week, Bitcoin-linked ETFs reported more than $622 million in inflows. The Ether ETF brought in more than $70 million in revenue during the same period.
